Competitive behavior
A) occurs as a reaction to scarcity.
B) occurs only in a market system.
C) occurs only when the government allocates goods and services.
D) always generates waste.

Question

Quizplus · Accepted Answer

Competitive behavior occurs as a reaction to scarcity, which refers to the limited availability of resources or goods. Therefore, in any situation where there is scarcity, such as in a market system or when the government allocates goods and services, competitive behavior may arise. However, competitive behavior does not always generate waste. It can also drive innovation and efficiency.

Competitive Behavior