The Presence of Competition in Free Markets

question 15

Multiple Choice

The presence of competition in free markets:

• A)typically results in better quality and lower prices.
• B)is rare,since most markets eventually evolve into monopolies.
• C)is undesirable because it results in unnecessary duplication of efforts.
• D)is undesirable,because one big firm can usually produce goods more efficiently than a large number of small firms.

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Definitions:

Unity

The state of being united or joined as a whole, often used in the context of teamwork, solidarity, or a consistent design principle.

Support Sentences

Sentences within a paragraph that provide information to explain, expand, or confirm the ideas introduced by the topic sentence.

General Idea

A basic understanding or overview of a topic without going into detailed specifics.

Compound-Complex

A sentence type that combines at least one dependent clause with two or more independent clauses.