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Humanizer
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LHS GoPo-Economics
Competition and Free Enterprise
Question 3
3
Quiz
Multiple Choice
Competition and Free Enterprise
Question 3 of 10 • LHS GoPo-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.
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