One benefit of shortages is that they eliminate competition since buyers cannot compete for goods by paying higher prices.

Name: One benefit of shortages is that they eliminate competition since buyers cannot compete for goods by paying higher prices.
Brand: Quizplus
Rating: 4.9 (57 reviews)

Question

Quizplus · Accepted Answer

Shortages actually increase competition as buyers will try to outbid each other to secure the limited goods available. This can lead to higher prices and potentially unethical behavior such as hoarding or profiteering.

One Benefit of Shortages Is That They Eliminate Competition Since