In a free market economy, selling slightly differentiated products in the market place leads to
decreased prices and superior quality. This concept is identified as
-
supply
O demand
equilibrium
competition

Question

24-05-2024
Business

Answered

In a free market economy, selling slightly differentiated products in the market place leads to
decreased prices and superior quality. This concept is identified as
-
supply
O demand
equilibrium
competition

Answer :

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GinnyAnswer GinnyAnswer · Answer 1 · 2024-05-24T02:46:37-04:00

Final answer:

In a free market economy, competition among sellers offering slightly differentiated products can lead to decreased prices and superior quality, driven by supply and demand dynamics.

Explanation:

In a free market economy, selling slightly differentiated products can lead to decreased prices and superior quality as a result of competition. This principle is rooted in the concepts of supply and demand and market equilibrium.

Learn more about market competition and equilibrium here:

https://brainly.com/question/32007482

In a free market economy, selling slightly differentiated products in the market place leads todecreased prices and superior quality. This concept is identified as-supplyO demandequilibriumcompetition

Answer :

Final answer:

Explanation:

Learn more about market competition and equilibrium here:

Other Questions

In a free market economy, selling slightly differentiated products in the market place leads to
decreased prices and superior quality. This concept is identified as
-
supply
O demand
equilibrium
competition