Competitive pricing
A)ensures that goods will be allocated evenly
B)ensures that goods will be allocated efficiently
C)guarantees a fair distribution of goods
D)only occurs in an oligopolistic market
E)occurs at any quantity at which the demand curve is higher than the supply

Question

Quizplus · Accepted Answer

Competitive pricing ensures that goods will be allocated efficiently, as it incentivizes producers to produce goods at the lowest cost possible in order to remain competitive. This in turn leads to lower prices for consumers and a more efficient allocation of resources.

Competitive Pricing