QUESTION IMAGE
Question
what is one downside for consumers to competition in a free - enterprise system?
consumers must be knowledgeable.
consumers have limited choices.
the quality of goods often suffers.
the price of goods often decreases.
In a free - enterprise system, competition generally leads to more choices (so "Consumers have limited choices" is incorrect), and often improves quality as businesses strive to out - perform rivals (so "The quality of goods often suffers" is incorrect). A decrease in price is usually seen as a positive for consumers (so "The price of goods often decreases" is incorrect). However, consumers need to be knowledgeable to make the best choices among competing products.
Snap & solve any problem in the app
Get step-by-step solutions on Sovi AI
Photo-based solutions with guided steps
Explore more problems and detailed explanations
Consumers must be knowledgeable.