Question

Which statement about competition is true?

a. it results in more economic choices for consumers
b. it allows most businesses to make a profit
c. it creates artificially high prices for products and services
d. it slows down innovation in the marketplace?

Answer 1

It results in more economic choices for consumers.

Step-by-step explanation:

Answer 2

the answer to this question is a. it results in more economic choices for consumers. More competition means more business trying to please the consumers with some advantages in buying their products.
This will result in more options for the customers and the price will also relatively driven down by competitors.