Based on the passage as a whole, which of the following would most likely approximate Smiths views

Question:

Based on the passage as a whole, which of the following would most likely approximate Smith’s views on competition in the marketplace?
F. Competition is a good thing because it keeps prices for goods and services low for the consumer.
G. The government should try to eliminate competition because people make purchases based on self-interest.
H. Competition is positive, for it causes profit margins to increase and thereby increases market prices.
J. The government should foster competition in order to boost the country’s economy in times of recession.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  answer-question
Question Posted: