cheyenneharmon00
cheyenneharmon00 cheyenneharmon00
  • 22-08-2019
  • Social Studies
contestada

Can someone please help

Increased competition between producers of a good may lead to
A. a decrease in profit
B. an increase in price
C.a drop in demand
D. a rise in taxes

Respuesta :

alexis6441
alexis6441 alexis6441
  • 22-08-2019
B an increase in price
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amniotecardamom
amniotecardamom amniotecardamom
  • 11-09-2019

Answer:

A. a decrease in profit

Explanation:

Increased competition between suppliers of the same product tends to benefit consumers, as competition leads to a decrease in the price and profit margin of suppliers. As more competitors participate in the market, each one tries to sell the product at a lower price to gain a larger share of the market. Consequently, the profit margin is smaller and only the most efficient suppliers tend to remain in the market in the long run.

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