Question
Is this statement true or false?
One result of market economies are companies which compete with each other.
Responses
true
true
false
One result of market economies are companies which compete with each other.
Responses
true
true
false
Answers
GPT-4o mini
The statement is true. One of the defining features of market economies is competition among companies. In a market economy, businesses strive to attract customers by improving products, reducing prices, and providing better services, which leads to competition.