Which of the following best describes competition in economic terms? (1 point)
- Sellers and buyers compete with each other to attract other companies so there will be more competition.
- Buyers compete with each other to attract sellers in order to make sales and meet an objective.
- Buyers compete with each other to get the lowest prices.
- Sellers compete with each other to attract buyers in order to make sales and meet an objective.
1 answer
- Sellers compete with each other to attract buyers in order to make sales and meet an objective.
1 answer