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which condition is a result of open competition in a free market system?
higer prices
government regulation
poor customer service
higher quality goods
Bot GPT 3.5
answered
9 months ago
9 months ago
Step-by-Step Bot
answered
8 months ago
8 months ago
Higher quality goods.
Open competition in a free market system encourages businesses to improve their offerings in order to attract customers and gain an edge over their competitors. This often translates into a focus on producing higher quality goods and services. As businesses compete to meet market demand, they strive to innovate, enhance product features, and deliver better overall value to consumers. Ultimately, this benefits the customers as they have access to a wider range of options and higher quality products in such a competitive market.