yes
A. Pure competition D. Monopolistic competition E. Oligopoly
A. Pure competition D. Monopolistic competition E. Oligopoly
In a market economy, the competition between producers helps keep the prices down. This is an economic practice that is based solely on supply and demand.
market
two or more producers are trying to sell the same good or service to the same consumers
competween producers helps keep prices down in this type of economy?
Competition is important because it is a mechanism for driving out inefficient producers. Competition forces producers to lower prices.
yes but they don't have to worry because no one will produce more than they do
command
They don't
i can't answer this lol