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How does competition affect markets?​

User Vytas
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2 Answers

2 votes

Answer:

money and price of double of items

Step-by-step explanation:

it effects the price within the menu and items too

think of it being the "Krusty Krab" and the "Chum Bucket"

User Periklis Douvitsas
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5.2k points
2 votes

Answer:

Not only does the demand of consumers for the product affect price, but so does the relationship among the different producers of the product. Competition among sellers usually deals with who has the best price. Greater competition among sellers results in a lower product market price.

Step-by-step explanation:

User Jumbo
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5.3k points