2
QuizMultiple Choice

Competition and Free Enterprise

Question 2 • 2102320-Economics HONORS - Edgenuity Teacher

What is one downside for consumers to competition in a free-enterprise system?

Answer
C
Consumers must be knowledgeable.
C
Consumers have limited choices.
T
The quality of goods often suffers.
T
The price of goods often decreases.

Explanation

Competition gives consumers more choices and can encourage lower prices and better quality. However, consumers need to compare products, prices, and quality to make good decisions, so they must be knowledgeable. Limited choices, suffering quality, and decreasing prices are not typical downsides of competition.

AI-written and checked against the verified answer.

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