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KY-Economics
Competition and Free Enterprise
Question 1
1
Quiz
Multiple Choice
Competition and Free Enterprise
Question 1 of 25 • KY-Economics
In a competitive market, a furniture company decides to use cheaper materials to decrease production costs and pass on the savings. This is an example of
Answer
f
following a federal regulation.
l
lowering prices for customers.
r
reducing the risk for consumers.
c
creating a new or better product.
Q 1 of 25
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