When Greenlawn Inc.finds itself losing contracts because Lo-Price Lawn Co.charges less money,Greenlawn responds by lowering its bids.This reaction demonstrates ________.
A)the invisible hand of competition
B)collision
C)the right to private property
D)social responsibility

Question

Quizplus · Accepted Answer

This scenario demonstrates the invisible hand of competition, where businesses compete with each other by lowering prices to attract customers and retain contracts.