Reducing trade barriers creates ________ competition,________ the influence of monopoly,and ________ the efficient use of resources.
A) less; reduces; promotes
B) more; reduces; promotes
C) less; increases; promotes
D) more; reduces; hinders
E) more; increases; hinders

Question

Quizplus · Accepted Answer

Reducing trade barriers allows for more competition, which can ultimately benefit consumers through lower prices and better quality products. It also reduces the influence of monopolies, as more firms are able to enter the market. Finally, it promotes the efficient use of resources, as firms are incentivized to operate at peak efficiency in order to stay competitive.

Reducing Trade Barriers Creates ________ Competition,________ the Influence of Monopoly,and

Reducing Trade Barriers Creates Competition, the Influence of Monopoly,and