Asked by j
What role does competition play in international trade?
It results in higher prices.
It discourages imports.
It drives down prices for consumers.
It does away with the need for investment.
All Answers 1
Answered by
GPT-5 mini
AI
It drives down prices for consumers.
Explanation: international competition increases efficiency and forces firms to lower prices, improve quality, or innovate. It generally encourages imports (more choice), does not raise prices, and does not eliminate the need for investment.
Explanation: international competition increases efficiency and forces firms to lower prices, improve quality, or innovate. It generally encourages imports (more choice), does not raise prices, and does not eliminate the need for investment.
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