Question

Which of the following statements is true regarding competition?

Competition among buyers decreases sellers' profits.

Competition among buyers limits the cultural diffusion of products.

Competition among sellers decreases the variety of products.

Competition among sellers can help drive prices down

Answer 1

@That_Other_Girl

Answer 2

Which one do you think is best?

Answer 3

erm......

Answer 4

Think about the answers to the problem. 3 of them don't make as much sense as one of them.

Answer 5

d?

Answer 6

That's exactly what i was thinking according to this problem. If there is competition among sellers, they want to see who can sell it for the lowest price possible, without losing any money.

Answer 7

:D yay

Answer 8

good job! :)

Answer 9

i have a few more questions but hold on

Answer 10

kk imma open another