Imagine that you have opened a factory. you have decided to produce bicycles. you can produce as many bicycles as you would like, but government regulations prevent you from charging more than $200 for your bicycles, in order to protect competition in the marketplace. which statement correctly names this type of economy and explains its democratic benefit? a market economy protects the rights of the individual over what is best for corporations. a market economy limits what companies can do or sell and keeps individual rights intact. a mixed economy offers some protection for consumer rights but still allows a good deal of choice. a mixed economy allows free competition to determine how best to treat consumers without limiting corporations.