Market Economy: 1. The role of market forces and competition is eliminated by law 2. There is a high degree of competition in both commodity and factor markets 3. Private gains are the main motivating and guiding force for carrying out economic activities Which among the above is/ are correct statements?

Market Economy: 1. The role of market forces and competitio

1.	Market Economy: 1. The role of market forces and competition is eliminated by law 2. There is a high degree of competition in both commodity and factor markets 3. Private gains are the main motivating and guiding force for carrying out economic activities Which among the above is/ are correct statements?
A.	Only 1 & 2 are correct
B.	Only 2&3 are correct
C.	All are correct
D.	None of them is correct
Answer» C. All are correct