Economy, asked by asapreagy, 2 months ago

3. Explain how consumer and producers are both “buyers” and “sellers” in the market place? (5 Marks)

Answers

Answered by Neethu0411
1

Answer:

Fully explainhow competition “protects” both buyers and the sellers. Competition protects buyers because sellers give the option of lower prices for products while also giving the option of similar prices for similar products. This creates the idea of competition because it is giving the buyer the option.

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