________ must be present if companies are going to be motivated to offer consumers lower prices.

Question

Quizplus · Accepted Answer

Competition is the main driving force behind companies offering lower prices. If there is a healthy amount of competition, companies need to lower their prices to attract customers and increase sales. Without competition, companies may have no incentive to lower their prices, as there would be no need to attract customers away from competitors. Therefore, competition is necessary to motivate companies to offer consumers lower prices.

________ Must Be Present If Companies Are Going to Be