It is ____ that generate(s) the benefits of the market system

Question

Quizplus · Accepted Answer

Entry and competition drive the market system by promoting innovation, efficiency and consumer surplus. Without competition, monopolies may arise, and competition is necessary to prevent them from taking advantage of the market. While government can play a role in regulating the market, it is not what generates benefits. Monopoly power can lead to inefficiency and higher prices for consumers, while advertising can promote products but does not necessarily lead to overall benefits for the market.

It Is ____ That Generate(s) the Benefits of the Market