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Which condition is a result of open competition in a free market system?
Wiki User
∙ 8y ago
Higher quality goods
Anonymous
Anonymous
Higher prices
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What economic system allows competition?
The Free Market system is designed for competition.
How do you best describes the relationship between competition and a free-market economy?
The following statement best describes the relationship between competition and a free market system: Competition increases within a free market system.
What best explains why competition is an important part of a free-market system?
C. Without competition, people wouldn't have a lot of choices.
What best explained why competition is an important part of a free market system?
C. Without competition, people wouldn't have a lot of choices.
Why to study perfect competition if it does not exist in the real world?
By studying perfect competition, we can learn how much an ideally functioning market system might accomplish and we can compare it to real world market structures.
What economic system allows competition?
The Free Market system is designed for competition.
How do you best describes the relationship between competition and a free-market economy?
The following statement best describes the relationship between competition and a free market system: Competition increases within a free market system.
The regulatory mechanism of the market system is?
competition
The key feature of a market system is?
A. competition.
Why competition is an important of a free market system?
Without competition, people wouldn't have a lot of choices
Why is competition an important part of a free-market system?
Without competition, people wouldn't have a lot of choices
Why is competition an important part of free market system?
Without competition, people wouldn't have a lot of choices
What best explains why competition is an important part of a free-market system?
C. Without competition, people wouldn't have a lot of choices.
The free market system cannot exist without government regulations for what?
The profit motive undermines competition unless competition is protected.
What best explained why competition is an important part of a free market system?
C. Without competition, people wouldn't have a lot of choices.
Why to study perfect competition if it does not exist in the real world?
By studying perfect competition, we can learn how much an ideally functioning market system might accomplish and we can compare it to real world market structures.
Free market system cannot exist without government regulations for what reason?
The profit motive undermines competition unless competition is protected.
