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Which of the Following Statements Regarding Competition,as a Fundamental Element

Question 13

Multiple Choice

Which of the following statements regarding competition,as a fundamental element of capitalism,is not true?


A) Capitalism guarantees a profit is made.
B) Competition is responsible for the orderly operation of the market.
C) Competition ensures that goods and services are provided at the lowest price.
D) The fittest firms tend to survive.
E) Competition holds profits to a minimum.

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