Question

Select all the items that describe the benefits that consumers may receive from:

more sellers in the bracelet market
lower price for bracelets better quality bracelets
improved customer service
less variety of bracelets

Answer 1

lower prices for goods and servicesbetter quality of goods and services

Answer 2

The answer is:

-Lower price for bracelets

-Better quality bracelets

-Improved customer service

When more sellers exist, they would be forced to compete with one another in order to win over the consumers in the market.

Because of this competition, each sellers become more likely to set lower price for their products in order to reach as many consumers as possible, increase the quality of their product so they can obtain more customers satisfaction, and improved their customer service so they can gain more positive reputation.