asked 57.5k views
3 votes
How does competition benefit consumers (econ)​

2 Answers

2 votes

Answer: cheaper goods

Explanation: it's possible that competition markets may lower prices than others so they could sell more

answered
User Zeeshan Ahmad II
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4 votes

Answer:

how does competition benefit consumers?

Competition is good to consumers in any market, it helps in price reduction which consumers prefers. Also there is room to go elsewhere if the quality and quantity of such goods are not maintained which allows customers to patronize other seller in the same market with a lower price

Step-by-step explanation:

answered
User Evgeny Gavrin
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