Asked by nana
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
Firms competing for customers push each other to lower prices, improve quality, and innovate to attract buyers.
Firms competing for customers push each other to lower prices, improve quality, and innovate to attract buyers.
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