No, it was in a regulated market, overseen by government regulatory agencies.
Enron is not a place with a population. Enron Corporation was a company, not a city or region.
Enron ended in 2001.
Enron scandal was created in 1985.
In a free market, there is profit to be made by making the free market not a free market. Therefore, a completely free market destroys itself.
Enron was filed for bankruptcy on December 2nd 2001
A free market economy
After the Enron accounting scandal came to light, its stock price plummeted to 0, which wiped out many investors who had purchased Enron's stock.
A free market economy is a market based one. The prices of goods and services are determined independently in a free market.
free market
Federal agencies played a crucial role in overseeing Enron's activities, primarily through the Securities and Exchange Commission (SEC), which was responsible for regulating the securities industry and protecting investors. The SEC conducted investigations into Enron's accounting practices and financial disclosures, particularly after the company's collapse in 2001. Additionally, the Federal Energy Regulatory Commission (FERC) monitored Enron's activities in the energy market, but its effectiveness was limited by the company's complex financial structures and aggressive trading strategies. Overall, the failure of these agencies to adequately regulate and respond to Enron's unethical practices contributed to the company's downfall and highlighted significant gaps in oversight.
Dominican Republic is a Free Market
A free market economy