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Which of the following statements is true regarding competition?. . A) Competition among buyers decreases sellers' profits.. . C) Competition among buyers limits the cultur…

Which of the following statements is true regarding competition?. . A) Competition among buyers decreases sellers' profits.. . C) Competition among buyers limits the cultur…
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Which of the following statements is true regarding competition?. . A) Competition among buyers decreases sellers' profits.. . C) Competition among buyers limits the cultural diffusion of products.. . B) Competition among sellers decreases the variety of products.. D) Competition among sellers can help drive prices down.

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User Kareef
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3 votes

Answer:

the answer is d my peeps! i did the test and got 100!

Step-by-step explanation:

answered
User Imron
by
7.8k points
2 votes
The statement that is true regarding competition is : D. Competition among sellers can help drive prices down.

in a competition, those sellers will fight to grab consumer's attention. One of the most effective way to do that is by lowering the price of their product

hope this helps
answered
User FedorSmirnov
by
8.2k points
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