Which of the Following Is NOT a Benefit of Competition

question 10

Multiple Choice

Which of the following is NOT a benefit of competition?

• A) Promotes innovation and ingenuity
• B) Results in higher prices
• C) Inventors are able to profit from new discoveries
• D) Scientists are able to profit from new discoveries

---

Definitions:

Uniform Commercial Code

A comprehensive set of laws governing commercial transactions in the United States, intended to harmonize the law among the states.

Sections

Distinct parts into which something is or may be divided or allocated.

Sales Contracts

Legal agreements that outline the terms and conditions under which goods or services are sold from a seller to a buyer.

Intellectual Property

Intangible property that is the product of one’s mind and not one’s hands.