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Gucchi:

(06.02 MC) 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.

Gucchi:

Am I right with D?

Gucchi:

@salttheloser

SaltTheLoser:

yes you are

SaltTheLoser:

cause when you have multiple companies selling the same product, the one with the lowest price will be bought the most

Gucchi:

Hmm, true, thank you so much

SaltTheLoser:

yw

Gucchi:

I have like a few more questions

SaltTheLoser:

i gtg lol i can answer when I come back

Gucchi:

Aww maaan, its just 4 more

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