Can someone
increased competition between producers of a good may lead to
a. a decrease in profit
b. an increase in price
c. a drop in demand
d. a rise in taxes

A. a decrease in profit

Explanation:

Increased competition between suppliers of the same product tends to benefit consumers, as competition leads to a decrease in the price and profit margin of suppliers. As more competitors participate in the market, each one tries to sell the product at a lower price to gain a larger share of the market. Consequently, the profit margin is smaller and only the most efficient suppliers tend to remain in the market in the long run.

answer: a

explanation:

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