Which of the Following Are Advantages of Competition

question 55

Multiple Choice

Which of the following are advantages of competition?

• A)Competition widens the choice of goods and services provided to consumers.
• B)Competition lowers costs.
• C)Competition holds profits to a minimum.
• D)Competition reduces waste and inefficiency.
• E)All of the above are advantages of competition.

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Definitions:

Frank Lloyd Wright

An influential American architect known for developing the Prairie School of architecture and designing innovative buildings that harmonized with their environments.

Robie House

An architectural landmark designed by Frank Lloyd Wright in Chicago, known for its pioneering use of the Prairie Style.

Prairie House

A style of architecture developed by Frank Lloyd Wright, characterized by low-pitched roofs, horizontal lines, and integration with the landscape, inspired by the American Midwest.

Straight Photography

A style of photography that emphasizes sharp focus, clear depiction of the subject, and straightforward composition without manipulation or artistic effects.