Economist typically favor:

Question

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Economists generally favor competitive firms because they promote efficiency, innovation, and consumer welfare. In a competitive market, firms are forced to produce at the lowest cost possible in order to stay in business and attract consumers. This results in a more efficient allocation of resources and lower prices for consumers. Additionally, competition encourages firms to innovate and improve their products to gain a competitive edge, which can lead to further benefits for consumers. Overall, competitive markets are seen as the most efficient and beneficial for both producers and consumers.

Economist Typically Favor