Competition among sellers results in lower costs and prices, higher product quality, and/or better customer service. When competition among sellers is limited, sellers have some control over the prices they set.
Standard detail
2.
Benchmark
Depth 1Parent ID: 5A1E2CC0AD1045429103EE3512F3DB7DStandard set: Grades 5, 6, 7, 8
Original statement
Quick facts
- Statement code
- 2.
- List ID
- 2.
- Standard ID
- 5576F830C8DE4BFD9B1494E76AC3638C
- ASN identifier
- S2604750
- Subject
- Economics
- Grades
- 05, 06, 07, 08
- Ancestor IDs
- 5A1E2CC0AD1045429103EE3512F3DB7D
- Source document
- Voluntary National Content Standards in Economics (2010)
- License
- CC BY 3.0 US