One possible outcome of promoting competition is
A) higher prices.
B) lower output.
C) eliminating deadweight loss.
D) regulated markets.
E) less efficiency.

Question

Quizplus · Accepted Answer

Promoting competition can lead to eliminating deadweight loss, as firms are incentivized to reduce costs and offer better products/services to consumers. This can result in lower prices and increased output, making the market more efficient. Higher prices, lower output, and less efficiency are not expected outcomes of promoting competition. Regulated markets can be a possible outcome, but it depends on the specific regulatory framework implemented.

One Possible Outcome of Promoting Competition Is