BRAINLIEST TO FIRST CORRECT ANSWER

Which effect does competition have on a market?

Competition hurts a market by flooding it with inferior products that will not satisfy consumers.

Competition prevents a market from functioning fairly by increasing both demand and supply.

Competition keeps the price of products at or near the level where supply meets demand.

Competition drives up the price of products, which benefits producers but hurts consumers.

The correct answer should be Producers cannot make a profit if they keep dropping their prices

If you and your competition make the same product of the same quality, one of the few ways to get buyers is to be cheaper than your opponents, and eventually your company will have to be closed because you will start losing money when inflation kicks in.

"the royal proclamation of 1763"

the correct answer to your question is c the factory goes out of business, causing the workers to lose their jobs.

explanation: