The market process tends to ensure that the goods and services are provided at the lowest possible price.

Name: The market process tends to ensure that the goods and services are provided at the lowest possible price.
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Question

Quizplus · Accepted Answer

The market process is driven by competition among suppliers, which incentivizes them to produce goods and services at the lowest possible cost in order to attract buyers. This often results in lower prices for consumers.

The Market Process Tends to Ensure That the Goods and Services