Which of the Following Is a Consequence of Competition

question 106

Multiple Choice

Which of the following is a consequence of competition?

• A)An unrelenting squeeze on prices and profit.
• B)Positive economic profit in the long run.
• C)Elimination of the most efficient firms.
• D)Price-gouging behavior.

---

Definitions:

Supervisor

An individual in a position of authority who oversees the performance and duties of others, often within a workplace setting.

Consent

An agreement or permission given by a patient or participant for a medical procedure, treatment, or participation in research, after understanding all risks and benefits.

Oral Examination

A verbal test or assessment where a person's knowledge or competency is evaluated through spoken answers.

Symptoms

Signs or indicators that suggest the presence or nature of a medical condition.