2. What is a positive affect of competition?
A. Increased value for consumers
B. Increased wages for workers
C. Increased profits for producers
D. Increased incentives for investors
Is it A or C
Right but the lowered price means more money because it will attract more consumers making up the amount lost for lowering the price
It is a hard question!
Which do you think brings the best effect to the most people?
A because most people will go to the place with the least value
Am I right
I agree. A.
It's C. Increased profits for producers
Ms.Sue is right
Definitely A. It doesn't always mean profit for producers- they're selling for a lower price, remember?
To determine the positive effect of competition, we can analyze the options provided.
Option A states that a positive effect of competition is increased value for consumers. This means that when firms compete with each other, they strive to offer better products or services, which can lead to improved quality, innovation, and lower prices for consumers. This is generally seen as a favorable outcome for consumers.
Option C states that a positive effect of competition is increased profits for producers. While competition may lead to higher profits for some producers who are successful in the market, it is not necessarily a direct positive effect of competition. Increased competition often leads to lower profit margins as firms need to lower prices to remain competitive.
Based on the information provided, the correct answer would be A - increased value for consumers.