Answered

19. Select the best answer.

In a market or free enterprise economy, competition ensures:

A. government involvement
B. higher prices
C. equal access to products
D. reasonable prices and consumer choice
E. profit



Answer :

GinnyAnswer

Final answer:

Competition in a free market economy ensures reasonable prices and consumer choice.


Explanation:

Competition in a market or free enterprise economy ensures reasonable prices and consumer choice. In a pure market economy, competition among producers helps to serve consumers with the greatest production at the lowest possible prices. Competition motivates entrepreneurs to provide goods and services at high quality and low prices, benefiting society as a whole.


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