Which of the following statements is true regarding competition?. . A) Competition among buyers decreases sellers' profits.. . C) Competition among buyers limits the cultural diffusion of products.. . B) Competition among sellers decreases the variety of products.. D) Competition among sellers can help drive prices down.
The statement that is true regarding competition is : D. Competition among sellers can help drive prices down.
in a competition, those sellers will fight to grab consumer's attention. One of the most effective way to do that is by lowering the price of their product
