Sovi.AI - AI Math Tutor

Scan to solve math questions

QUESTION IMAGE

in capitalism, what does competition do for consumers? a. it limits the…

Question

in capitalism, what does competition do for consumers?
a. it limits the number of choices consumers have.
b. it prevents consumers from being entrepreneurs.
c. it lets consumers create monopolies.
d. it keeps prices fair for consumers.

Explanation:

Brief Explanations

In capitalist systems, competition between businesses drives them to attract consumers. To do this, they often lower or keep prices reasonable to stay competitive, while also offering more choices (contradicting option A). Competition does not bar consumers from becoming entrepreneurs (contradicting B) or let consumers create monopolies, which are the opposite of competitive markets (contradicting C).

Answer:

D. It keeps prices fair for consumers.