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Adam smith suggests that increased competition will allow prices to be kept ______________________.

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okpalawalter8

Adam Smith suggests that increased competition will allow prices to be kept at equilibrium or natural price. This is further explained below.

What is equilibrium price?

Generally, When there is a balance between the supply of products and the demand for those items, an equilibrium price is reached. Whenever a major index goes through a phase of consolidation or sideways motion

In conclusion, Adam Smith argues that market forces will stabilize prices at a natural level of competition is enhanced.

Read more about the equilibrium price

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