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Business, 03.10.2019 06:50, mahnoorkeen0

How does competition in a free-market system effect the game of economics?

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(actuallyeconomics but oh well) which statement best describes the relationship between competition and a free-market economy? a. competition is a natural result of producers choosing to enter the market.b. competition is unrelated to a free-market economy.c. competition is eliminated because the government decides who is allowed to enter the market.d. competition is avoided because the decision of what to produce is based on tradition.
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Basically, competition in a free market system tends to have what effect on prices?
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