Which economic practice helps motivate companies to keep prices low and improve product quality
Combination.
Consolidation
Competition
Overproduction
1 answer
Competition helps motivate companies to keep prices low and improve product quality. When multiple companies are offering similar products or services, they are forced to compete with each other in order to attract customers. This competition drives companies to constantly innovate, lower prices, and improve the overall quality of their products in order to stand out in the market.