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Which of the Following Statements Regarding Competition,as a Fundamental Element

Question 47

Multiple Choice

Which of the following statements regarding competition,as a fundamental element of capitalism,is not true?


A) Competition is responsible for the orderly operation of the market.
B) The fittest firms tend to survive.
C) Competition ensures that goods and services are provided at the lowest price.
D) Competition holds profits to a minimum.
E) Capitalism guarantees a profit is made.

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