Register
In three to four sentences, explain the effect of competition on the price of goods and services and whether this is a good thing for consumers.
99.5k views
3 votes
In three to four sentences, explain the effect of competition on the price of goods and services and whether this is a

good thing for consumers.

User Etuardu
by
7.0k points

1 Answer

2 votes

Answer:

If there is more competition in a specific market then prices tend to lower. Which would be great for customers

Step-by-step explanation:

User Bbartling
by
7.1k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

7.2m questions

9.6m answers

Other Questions

What goal of the constitution was also a goal of the Magna Carta?
Modern Western ideas about freedom, the value of the individual, forms of government, and systems of law came from __________.
Why did foreign powers treat the US government under the Articles of Confederation with scorn?
What was the major events that led the British to defeat
Why did the Berlin Conference occur?
Link Copied!