Question

5. What does greater competition among buyers usually lead to? (1 point)

A.resources going to those who are willing and able to pay more.
B.resources being more readily available to all who want them.
C.companies making products unavailable.
D,companies developing new non­price competition approaches.

Answer 1

Greater competition among buyers usually lead to resources going to those who are willing and able to pay more. The correct answer is A. When there is competition among buyers to buy few available goods or products, the sellers will prefer to sell to those buyer who are able and willing to pay more than the asking price of those goods in order to increase their own profit margin.