How does competition benefit consumers (econ)
Answer: cheaper goods
Explanation: it's possible that competition markets may lower prices than others so they could sell more
how does competition benefit consumers?
Competition is good to consumers in any market, it helps in price reduction which consumers prefers. Also there is room to go elsewhere if the quality and quantity of such goods are not maintained which allows customers to patronize other seller in the same market with a lower price
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Business, published 27.03.2023
She sells seashells on a seashore But the value of these shells will fall Due to the laws of supply and demand No one wants to buy shells 'cause there's loads on the sandStep 1: you must create a sense of scarcity Shells will sell much better if the people think they’re rare, you see Bare with me, take as many shells as you can find and hide 'em on an island...