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disa [49]
3 years ago
5

Explain how self-interest and competition work together to regulate prices.

Social Studies
2 answers:
mars1129 [50]3 years ago
7 0

Answer:

because people do self interest

Explanation:

kvv77 [185]3 years ago
5 0

Self-interest occurs when consumers seeks to buy certain goods or services at the best possible price. Producers, in an effort to make a profit, act on what consumers want. As more producers are drawn into the market competitors will offer lower prices in order to attract more business.

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