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Benefits of market mechanism system |
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Answer» tion:In a MARKET system, PRODUCERS compete with each other by OFFERING wider variety of goods, therefore consumers have more choice, this may even lead to lower prices. Competition pushes businesses to be efficient: keeping costs down and production high. ... In order to do this, the FIRMS need to be more efficient.hope this explanation is helpful for you please MARK as brainliest answer .... |
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