Answered

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In general, if any branch of trade, or any division of labour, be advantageous to the public, the freer and more general the competition, it will always be the more so.

–The Wealth Of Nations,

Adam Smith

According to Smith, how does competition in an industry directly benefit the public?
The public will see lower prices as companies compete for customers.
The public will see greater profits from the sale of the products.
The public will have fewer choices when they are purchasing products.
The public will be guaranteed to find one business that makes the product correctly.

Sagot :

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