Answers 2027 Ignite Financial Literacy-Personal Finance - EL3403 Profit — Unit testQuestion 15

15

QuizMultiple Choice

Profit — Unit test

Question 15 • 2027 Ignite Financial Literacy-Personal Finance - EL3403

Why is pure competition considered an unsustainable system?

Answer

A

Price differentiation is often too minimal to matter.

B

Few barriers exist to entry, meaning that the market inevitably floods.

C

Consumers cannot distinguish between products.

D

Producers cannot make a profit if they keep dropping their prices.

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