The low-price guarantee results in an outcome equivalent to perfect competition.

Name: The low-price guarantee results in an outcome equivalent to perfect competition.
Brand: Quizplus
Rating: 4.8 (56 reviews)

Question

Quizplus · Accepted Answer

A low-price guarantee does not necessarily result in an outcome equivalent to perfect competition because it can still allow for price above marginal cost and does not ensure the optimal allocation of resources or the presence of many sellers, which are key characteristics of perfect competition.

The Low-Price Guarantee Results in an Outcome Equivalent to Perfect