Social Studies, 27.05.2020 04:59, christopherschool04

In a market economy, firms are free to decide what goods they will produce, and they compete with one another for business. How might competition increase the standard of living for the consumers living among a market economy?
A. Competition will increase profits and revenue for businesses.

B. Competition will keep prices low and increase the quality of goods.

C. Competition will guarantee there are never surpluses or shortages.

D. Competition ensures consumers will be satisfied with the goods they purchase.

Answers: 3

Show answers

Other questions on the subject: Social Studies

Social Studies, 22.06.2019 01:00, fatimalandau54

When employing the core learning system, reading text books and attending class are important ways to knowledge.

Answers: 1

continue

Social Studies, 22.06.2019 09:50, ykpwincess

What was the main purpose of one of the first world organizations

Answers: 3

continue

Social Studies, 22.06.2019 10:30, darkdragon67

Risk of harm in social and behavioral sciences generally fall in three categories, which are: breach of confidentiality, loss of autonomy, and study proceduresstudy procedures, breach of confidentiality, and loss of employmentinvasion of privacy, adverse reaction to study drug, and discriminationinvasion of privacy, breach of confidentiality, and study procedures

Answers: 3

continue

Social Studies, 22.06.2019 21:30, bgf12032

Astudent answers 86 problems on a test correctly and receives a grade of 98% how many problems were worth the same number of points

Answers: 3

continue

Do you know the correct answer?

In a market economy, firms are free to decide what goods they will produce, and they compete with on...