Which effect does competition have on a market?
Competition prevents a market from funct...
History, 24.02.2020 00:29 ehuntsman8221
Which effect does competition have on a market?
Competition prevents a market from functioning fairly by increasing both demand and
supply
Competition drives up the price of products, which benefits producers but hurts
consumers.
Competition hurts a market by flooding it with inferior products that will not satisfy
consumers.
Competition keeps the price of products at or near the level where supply meets
demand.
Answers: 3
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