History, 24.02.2020 18:22, laurieburgess804

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Which effect does competition have on a market?

Competition hurts a market by flooding it with inferior products that will not satisfy consumers.

Competition prevents a market from functioning fairly by increasing both demand and supply.

Competition keeps the price of products at or near the level where supply meets demand.

Competition drives up the price of products, which benefits producers but hurts consumers.

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Which effect does competition have on a market?
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