Multiple Choice
The presence of competition in free markets:
A) Is undesirable because it results in unnecessary duplication of efforts.
B) Usually results in better quality and lower prices.
C) Is rare,since most markets eventually evolve into monopolies.
D) Is undesirable,because one big firm can usually produce goods more efficiently than a large number of small firms.
Correct Answer:
Verified
Correct Answer:
Verified
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