The presence of competition in free markets:
A. is undesirable because it results in unnecessary duplication of efforts.
B. typically results in better quality and lower prices.
C. is rare, since most markets eventually evolve into monopolies.
D. is undesirable, because one big firm can usually produce goods more efficiently than a large number of small firms.
Answer: typically results in better quality and lower prices
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.