Economics: Private and Public Choice (MindTap Course List)
Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN: 9781305506725
Author: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher: Cengage Learning
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Chapter 22, Problem 13CQ
To determine

Describe the strong incentives of the firms in competitive market to serve the consumers’ interest.

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How does competition affect prices in a market system? How does it affect supply(what producers provide) and demand (what consumers want)?
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Choose any business.  If you worked for that business, what major factors would stimulate the demand for the products that this firm is selling?
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