producers operating in a free market economy are more efficient as a resulf of?
A.
the existence of competition
B.
the very few number of participants
C.
the commitment of the shareholders
D.
government regulation of their activities
Correct Answer: Option A
Explanation
Competition leads to efficiency because businesses that have fewer costs are more competitive and make more money. Innovation is encouraged because it provides a competitive edge and increases the chance for wealth.
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