1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
dexar [7]
4 years ago
5

In a free enterprise system, how does competition among business benefit consumers?

History
2 answers:
sveta [45]4 years ago
5 0

Answer:

C) by lowering prices

Explanation:

In a market economy, firms compete for market share through price. Thus, the higher the number of suppliers of the same product, the lower the market price tends to be. This is explained by the mechanisms of the law of supply and demand, according to which the larger quantity supplied tends to diminish the price. That is why the system of free competition is so desired by economists.

vladimir1956 [14]4 years ago
4 0
Hey there,

<span>In a free enterprise system, how does competition among business benefit consumers?

Your correct answer would be "by lowering prices".

~Jurgen</span>
You might be interested in
A low inflation rate is preferred because
MAVERICK [17]
<span> low inflation because costs are not rising faster , Meaning Low inflation leads to things stay at a low cost .</span>
6 0
3 years ago
What were the causes and effects of revolutions in Europe in 1830 and 1848
Sauron [17]

causes were The widespread dissatisfaction with the political leadership;

the demand for more participation and democracy;

the demands of the working classes; t

he upsurge of nationalism were some causes of the revolutions.

7 0
3 years ago
Read 2 more answers
Which was not a social or economic problem facing the United States at the end of the Civil War?
Likurg_2 [28]
C. The federal government refused to lend any assistance to the South
This was untrue because the federal government shelled out a lot of money to help the South with Reconstruction.
4 0
3 years ago
Read 2 more answers
When were cucumbers born?
ExtremeBDS [4]

around the 9th century it wa discovered in Europe, still different time for different places

7 0
3 years ago
Summarize the Enlightenment and explain how it’s important to US history.
dybincka [34]

Answer:

v

Explanation:

he Enlightenment, also known as the Age of Reason, was an intellectual and cultural movement in the eighteenth century that emphasized reason over superstition and science over blind faith.Many consider the Enlightenment a major turning point in Western civilization, an age of light replacing an age of darkness.It provided the philosophical basis of the American Revolution. The Revolution was more than just a protest against English authority; as it turned out, the American Revolution provided a blueprint for the organization of a democratic society.

4 0
3 years ago
Other questions:
  • When did the Maya build their great cities?
    14·1 answer
  • Who did the intolerable acts
    8·1 answer
  • Which statement regarding Article V of the Constitution is true?
    9·1 answer
  • Use elimination to solve the system of equations.
    15·1 answer
  • How does the executive branch check the power of legislative branch
    10·1 answer
  • How was Europe a fertile environment for the rise of Fascism in the early part of the 20th century?
    9·1 answer
  • What cultures existed in the west before the settlers came to stake their claim upon the land?
    8·1 answer
  • how did president truman begin to help African Americans in the late 1940s?How does shis actions divide the Democrat Party?
    9·1 answer
  • The 13th amendment was an extension of the policy begun by ?
    10·1 answer
  • Please help me ASAP!!
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!