Question

Select all that apply. Select all the items that describe the benefits that consumers may receive from more sellers in the marketplace. lower prices for goods and services better quality of goods and services improved customers service more variety of goods and services

Answer 1

All of them are correct.

THE EXPERT VERIFIED ONE IS WRONG

Lower prices for goods and services. Prices will lower naturally since businesses are competing for more consumers. Consumers typically purchase the product with the lowest price

Better quality of goods and services. Businesses are competing for more consumers. Some products that have a long term use need to be better quality. Most consumers will buy a higher quality phone over a lower quality one,

I cant be bothered to explain the rest since the other answer explains them

Answer 2

The following apply:
1. Better quality of goods and services.
2. Improved customers services.
3. More variety of goods and services.
There are some benefits that customers derived from competition. Parts of the benefits are listed above. Competition encourages businesses to improve the quality of their products and services and place reasonable prices on their products.