In a competitive market, sales go to those producers who are willing to supply the product at the lowest price.

Name: In a competitive market, sales go to those producers who are willing to supply the product at the lowest price.
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Question

Quizplus · Accepted Answer

In a competitive market, numerous sellers compete to attract buyers, and typically, the producers who can offer their products at the lowest price tend to capture more sales, as consumers often choose products based on price among other factors.

In a Competitive Market, Sales Go to Those Producers Who