In a market-based economy, producers will tend to prefer less competition because it

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Producers in a market-based economy will prefer less competition because it enables them to charge higher prices. With less competition, consumers have fewer options to choose from, so producers can charge more for their products or services without fear of losing customers to a competitor with a lower price. This increased pricing power allows producers to maximize their profits.

In a Market-Based Economy, Producers Will Tend to Prefer Less