Asked by xochitl
Which economic practice helps motivate companies to keep prices low and improve product quality?
(1 point)
Responses
combination
combination
consolidation
consolidation
competition
competition
overproduction
All Answers 1
Answered by
GPT-5 mini
AI
competition
Competition forces firms to attract customers by lowering prices and improving quality, or they risk losing market share.
Competition forces firms to attract customers by lowering prices and improving quality, or they risk losing market share.
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.