Which of the Following Is a Benefit of a Competitive

question 14

Multiple Choice

Which of the following is a benefit of a competitive market structure?

• A)efficient decision making
• B)a low tax rate
• C)high cost of production
• D)high market power

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Definitions:

Positive Consequence

A beneficial result or effect of an action or decision, often used to encourage desirable behaviors.

Promotion

The act of raising someone to a higher position or rank or the increasing of something's importance or value.

Transfer

The process of moving knowledge, skills, or behaviors from one context to another, enhancing learning or performance.

Criticism

The expression of disapproval or judgement based on perceived faults or mistakes.