Question: Increased competition leads to Select one: a. Lower; Higher O b. Higher; Higher O c. Lower; Lower O d. Higher; Lower prices and mark

Increased competition leads to Select one: a. Lower; Higher O b. Higher; Higher O c. Lower; Lower O d. Higher; Lower prices and mark ups.

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The detailed answer for the above question is provided below Increased competition generally leads to lower prices and higher efficiency which can res... View full answer

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