Welcome to Westonci.ca, the ultimate question and answer platform. Get expert answers to your questions quickly and accurately. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.

Which of these market situations in an industry results in the lowest prices for consumers? monopolies perfect competition oligopolies monopolistic competition

Sagot :

Consumers reap the benefit of driven down (low) prices when an economy oversees "perfect competition", in which there is no government interference in the market. Of course this is extremely rare.