The Perfectly Competitive Market Structure Benefits Consumers Because

question 284

Multiple Choice

The perfectly competitive market structure benefits consumers because

• A)firms do not produce goods at the lowest possible price in the long run.
• B)firms are forced by competitive pressure to be as efficient as possible.
• C)firms add a much smaller markup over average cost than firms in any other type of market structure.
• D)firms produce high-quality goods at low prices.

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Definitions:

Severity of Injuries

The level or degree of seriousness or intensity of injuries sustained by individuals.

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