In order to escape perfect competition, businesses must show _____ that they are different and better than the competition.Multiple choice question.their shareholdersconsumersgovernment regulators
Question
In order to escape perfect competition, businesses must show _____ that they are different and better than the competition.Multiple choice question.their shareholdersconsumersgovernment regulators
Solution
The correct answer is "consumers". In order to escape perfect competition, businesses must show consumers that they are different and better than the competition. This is because consumers are the ones who make the purchasing decisions. If consumers perceive that a business's products or services are superior to those of its competitors, they will choose to buy from that business, allowing it to potentially escape perfect competition.
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