Question

Select the two correct answers.

Why would the US government want to incentivize competition between businesses?
A. Competition benefits consumers because it leads to better and more innovative products.
B. Competition benefits consumers because it leads to cheaper products.
C. Competition benefits the government because it leads to higher sales tax revenue.
D. Competition benefits the government because it leads to lower unemployment payments.

Answer 1

A. Competition benefits consumers because it leads to better and more innovative products.

B. Competition benefits consumers because it leads to cheaper products.

Step-by-step explanation:

Given that the purpose of the United States government is to serve its citizens by making life easier for them.

Hence, the major reason the United States government want to incentivize competition between businesses is to get the following:

1. Competition benefits consumers because it leads to better and more innovative products.

2.. Competition benefits consumers because it leads to cheaper products.