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In-s [12.5K]
3 years ago
5

Why is competition among businesses important in a capitalist economic system? *

History
2 answers:
grandymaker [24]3 years ago
8 0

Answer: Second Option: Competition affects how much products cost.

Explanation: The principle of competition forces businesses to <em>maximize efficiency and offer their products at the lowest prices the market will bear</em>, lest they <em>get put out of business by more efficient and better-priced competitors.</em>

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Hope This Helps. Keep the peace and live long. Namaste. ✌️

Oksi-84 [34.3K]3 years ago
5 0
The answer would be B
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