Question

(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.

Answer 1

Am I right with D?

Answer 2

@salttheloser

Answer 3

yes you are

Answer 4

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

Answer 5

Hmm, true, thank you so much

Answer 6

yw

Answer 7

I have like a few more questions

Answer 8

i gtg lol i can answer when I come back

Answer 9

Aww maaan, its just 4 more