The government of Junta took Fuel Safe Corp., a domestic energy firm, into state ownership to save the company from bankruptcy. However, the other private competitors in the energy industry were enraged by this decision. As a result, the government had to reduce the tax burden on all private energy firms so that both the state-owned enterprise and private firms could coexist. What type of economy does this portray?

These are the options for the question:

market-based

communist

command

laissez-faire

mixed

And this is the correct

mixed

Explanation:

A mixed economy is an economy that either:

In the question, we have an example of a mixed economy because in the energy sector (a crucial sector in any economy), there is one public company competing against private companies.

The economy becomes even more mixed when the government lowers the tax rates of the private companies, so that both the public firm and the private firms compete under the same conditions.

answer; /// blank(1); increases; blank(2); decreases;

answercombination of ability and experience of the partners;