Answers 2027 Ignite Financial Literacy-Personal Finance - EL3403 Competition and Free EnterpriseQuestion 2

2

QuizMultiple Choice

Competition and Free Enterprise

Question 2 of 10 • 2027 Ignite Financial Literacy-Personal Finance - EL3403

What is one downside for consumers to competition in a free-enterprise system?

Answer

C

Consumers must be knowledgeable.

C

Consumers have limited choices.

T

The quality of goods often suffers.

T

The price of goods often decreases.

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