Answered

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How does competition benefit consumers?
A. It decreases the supply of goods.
OB. It leads to more regulation.
C. It leads to lower prices.
D. It leads to less innovation.

Sagot :

GinnyAnswer

Final answer:

Competition benefits consumers by leading to lower prices, better products, and innovation.


Explanation:

Competition benefits consumers by leading to lower prices as firms strive to attract customers. This increased competition forces businesses to improve their products and services to remain competitive, ultimately benefiting consumers with better choices and quality. Additionally, competition stimulates innovation and efficiency in the market, driving further consumer benefits.


Learn more about Competition and consumer benefits here:

https://brainly.com/question/30109638


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