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vfiekz [6]
3 years ago
6

Basically, competition in a free market system tends to have what effect on prices?

Business
1 answer:
zheka24 [161]3 years ago
7 0
Basically, competition in a free market system tends to <span>Help approach price equilibrium.

The competition in a free market system is fileld with response battle between supply and demand.(When supply is incresed, demand is decreased and vice versa). This constant pulling will eventually make the price fall to the equilibrium price, where both producer and customer feel the most comfort regarding the price.
</span>
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4 0
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