Which of the following describes a feature of a mixed market economy?

A mixed market economy is characterized by a combination of private enterprise and government regulation. This means that while individuals and businesses can own private property and operate their enterprises for profit, the government also plays a role in regulating and guiding the economy. This can include enforcing laws, providing public goods and services, and addressing market failures to ensure that the economy functions fairly and effectively.

This blend allows for the benefits of a free market, such as innovation and efficiency from private businesses, while also protecting the welfare of the populace and addressing issues like income inequality that pure market systems might overlook. As a result, option C correctly captures the essence of a mixed market economy by highlighting the coexistence of both private and government activities in the economic framework.