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Answer to Question #85836 in Economics of Enterprise for Ana

Question #85836
How does market competition ensure that a firm is making the products that consumers value the most?
1
Expert's answer
2019-03-08T08:58:03-0500

Market competition ensures that a firm is making the products that consumers value the most using demand and supply equilibrium, because the quantity demanded equals the quantity supplied at the equilibrium price.



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