1. Competition in the market place has which of the following effects? A. It promotes innovation. B. It encourages surpluses. C. It leads to inefficient production. D. It protects businesses from financial risk.
1. Competition in the market place has which of the following effects? A. It promotes innovation. B. It encourages surpluses. C. It leads to inefficient production. D. It protects businesses from financial risk.
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter2: Economic Systems And The American Economy
Section: Chapter Questions
Problem 22AA
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![1. Competition in the market place has which of the following effects?
A. It promotes innovation.
B. It encourages surpluses.
C. It leads to inefficient production.
D. It protects businesses from financial risk.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff774fd60-215e-4954-8a15-cfd27c586d9a%2Fd094089d-0acd-490e-ae36-c179f5e6d5f8%2Fsgp7cz.png&w=3840&q=75)
Transcribed Image Text:1. Competition in the market place has which of the following effects?
A. It promotes innovation.
B. It encourages surpluses.
C. It leads to inefficient production.
D. It protects businesses from financial risk.
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