The answer is A cooperation organization
Answer: Producers driven by the profit motive seek to reduce their competition
Explanation: The government need to regulate the free market to protect competition because producers driven by the profits motive seek to reduce their competition. The government needs to regulate the free market to protect competition when companies form monopolies, the consumers enjoy when there is competition among producers of products as there is variety to choose from, reasonable prices would be charged etc.
Answer:
<em>The Rationality Assumption.</em>
Explanation:
The assumption of rationality is <em>the belief that people will choose something which will increase efficiency from a series of decisions; this advantage is prone to interpretation and it can be based on actual economic profit, benefit to society, and a multitude of other things.</em>
Economists often presume reason when interacting with theory and devising mathematical and statistical models to explain behaviour. It is safe to assume in many cases, such as a straightforward supply / demand model, that people will behave on basic moral standards such as a cap on desire to pay.
<span>This is an example of industry competition. Industry competition is a rivalry between companies in the same market who offer similar products or services. These industries compete for potential customer's money and use a variety of means to make sure they are the one a consumer chooses to do business with. They can use advertising to try and attract consumers or offer lower prices, but the most important thing is to provide a good product or service.</span>