Answered

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Which is most likely the result of healthy competition in the market?
OHigher prices, lower quality, less choices
O Lower prices, better quality, more choices
O Higher prices, better quality, less choices
O Lower prices, lower quality, more choices

Sagot :

Samawati

Answer:

O Lower prices, better quality, more choices

Explanation:

Business competition forces entrepreneurs to seek better ways to satisfy customers' needs. Business owners use creativity to develop products that provide a high utility value to consumers.

Business competition compels firms to innovate as they try to win more customers. Through innovations, firms create products and services that are more appealing in terms of quality and price than rival goods and services.

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