In a market economy, which of the following is MOST LIKELY to benefit consumers?
A
a decrease in the supply of a product
B
a rise in interest rates
С
industrial monopolies
D
competition among producers

Question

02-03-2021
English

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In a market economy, which of the following is MOST LIKELY to benefit consumers?
A
a decrease in the supply of a product
B
a rise in interest rates
С
industrial monopolies
D
competition among producers

Respuesta :

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evie2004 evie2004 · Answer 1 · 2021-03-02T22:01:56+01:00

evie2004 evie2004

02-03-2021

i think it should be b because interest hives money back to the ppl but competition can also stimulate economic growth

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suchetasVT suchetasVT · Answer 2 · 2022-07-19T13:26:59+02:00

Customers will be largely benefitted from competition among producers. Thus, Option D is correct.

How customers will be gaining from competition in market?

Increased competition in the market among the producers will benefit the customers by providing them with low-priced products of the highest quality. The competition will stimulate growth in the market.

Hence, Customers will be largely benefitted from competition among producers. Thus, Option D is correct.

learn more about competition in market:

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In a market economy, which of the following is MOST LIKELY to benefit consumers? A a decrease in the supply of a product B a rise in interest rates С industrial monopolies D competition among producers

Respuesta :

How customers will be gaining from competition in market?

Otras preguntas

In a market economy, which of the following is MOST LIKELY to benefit consumers?
A
a decrease in the supply of a product
B
a rise in interest rates
С
industrial monopolies
D
competition among producers