The dynamic process of competition
A) is hindered by the self-interest of business decision makers.
B) puts the profit motive of sellers to work for buyers.
C) conflicts with the interest of consumers when businesses pursue profit rather than the public interest.
D) will permit business decision makers to earn long-run economic profit unless they are regulated by government.

Question

Quizplus · Accepted Answer

The dynamic process of competition aligns the profit motive of sellers with the interests of buyers, as businesses strive to offer better products and services to attract customers and maximize profits.

The Dynamic Process of Competition