Answered

Explore Westonci.ca, the top Q&A platform where your questions are answered by professionals and enthusiasts alike. Get detailed and accurate answers to your questions from a community of experts on our comprehensive Q&A platform. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.

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

Sagot :

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

https://brainly.com/question/14480835

#SPJ1

We hope this information was helpful. Feel free to return anytime for more answers to your questions and concerns. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Your questions are important to us at Westonci.ca. Visit again for expert answers and reliable information.