BRAINLIEST TO FIRST CORRECT ANSWER

Which effect does competition have on a market?

Competition hurts a market by flooding it with inferior products that will not satisfy consumers.

Competition prevents a market from functioning fairly by increasing both demand and supply.

Competition keeps the price of products at or near the level where supply meets demand.

Competition drives up the price of products, which benefits producers but hurts consumers.

Policies to promote competition are high on the political agenda worldwide. But in a constantly changing marketplace, the effects of more intense competition on firm conduct, market structure, and industry performance are often hard to distinguish.

Competition determines market price because the more that toy is in demand (which is the competition among the buyers), the higher price the consumer will pay and the more money a producer stands to make. this good?

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