Question

Please help ASAP!!

How does competition offer the possibility for lower prices for products and services?

Answer 1

From the consumers' perspective, the most desirable market structure is that with the greatest degree of competition, because prices are generally lower. Thus, consumers would prefer as many goods and services as possible to be offered in competitive markets. ... Other market forms may spur more innovation.

Step-by-step explanation:

Answer 2

From the consumers' perspective, the most desirable market structure is that with the greatest degree of competition, because prices are generally lower. Thus, consumers would prefer as many goods and services as possible to be offered in competitive markets. ... Other market forms may spur more innovation.

Step-by-step explanation: