Which of the Following Statements Regarding Competition,as a Fundamental Element

question 1

Multiple Choice

Which of the following statements regarding competition,as a fundamental element of capitalism,is not true?

• A)Capitalism guarantees a profit is made.
• B)Competition is responsible for the orderly operation of the market.
• C)Competition ensures that goods and services are provided at the lowest price.
• D)The fittest firms tend to survive.
• E)Competition holds profits to a minimum.

---

Definitions:

Conciseness

The quality of expressing necessary information clearly and with brevity, without unnecessary words or details.

Target Audience

The specific group of consumers a product, service, or content piece is aimed at, similar to target markets but often more focused.

Tone

The attitude or emotional quality conveyed through the choice of words and style in oral or written communication.

Expectations

Assumptions or beliefs about what is likely to happen or what someone should do in the future.