The Presence of Competition in Free Markets

question 235

Multiple Choice

The presence of competition in free markets

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

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