Social Studies, 27.05.2020 04:59 christopherschool04
In a market economy, firms are free to decide what goods they will produce, and they compete with one another for business. How might competition increase the standard of living for the consumers living among a market economy?
A. Competition will increase profits and revenue for businesses.
B. Competition will keep prices low and increase the quality of goods.
C. Competition will guarantee there are never surpluses or shortages.
D. Competition ensures consumers will be satisfied with the goods they purchase.
Answers: 3
Another question on Social Studies
Social Studies, 22.06.2019 05:30
Which of the following is a law making body that governs england
Answers: 1
Social Studies, 22.06.2019 13:00
Which statement below accurately describes the carrying capacity of any ecosystem? a. it is not affected by any abiotic or biotic resources. b. it does not affect the species of an ecosystem. c. it is completely dependent upon the food supply. d. it is affected by both abiotic and biotic resources
Answers: 1
Social Studies, 23.06.2019 12:00
What is the difference between a mixed and market economy
Answers: 1
Social Studies, 23.06.2019 22:30
The distance from joe's to the creek is 5.5 km. the distance from jane's house to the creek is twice as far. both joe and jane are leaving their houses to go to the creek. how much further, in meters, does jane have to walk then joe? (accidentally put social studies
Answers: 1
You know the right answer?
In a market economy, firms are free to decide what goods they will produce, and they compete with on...
Questions
Spanish, 03.08.2019 05:10
Spanish, 03.08.2019 05:10
Business, 03.08.2019 05:20
