In Theory,______________acts as a Balance to Excessive Profits

question 141

Multiple Choice

In theory,______________acts as a balance to excessive profits.When producers vie with one another for customers,they must be able to offer innovative goods and services at aggressive prices.

• A)competition
• B)communism
• C)capitalism
• D)conspicuous monopoly

---

Definitions:

Fireproof

Designed or made resistant to fire or its effects, reducing the risk of fire damage.

Co-insurance Clause

A provision in insurance policies that requires the policyholder to bear a portion of the costs of a claim, encouraging insured parties to not underinsure their assets.

Fireproof

A property or material that is resistant to or capable of withstanding damage from fire.

Insured

The individual or entity covered under an insurance policy and protected against specified risks or losses.