A factory manufactures bicycles. Every year the government determines how many bicycles the factory will
produce. The factory workers will not be paid more for manufacturing more bicycles. There is a greater
demand for bicycles than the factory produces - but the factory cannot manufacture more bicycles than are
allowed by the government.
In what type of economic system and where is this factory most likely functioning?
Traditional - Togo
B
Mixed - United States
C
Market - Singapore
D
Command - North Korea
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