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Chapter 8 Building Blocks in Economics the Problem of Choice - Part 3

What role does competition often play in a market economy?

Type: MCQ • Marks: 1
What role does competition often play in a market economy?
Options
A. It removes all government functions
B. It eliminates all scarcity
C. It guarantees equal incomes
D. It can encourage efficiency and innovation
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Class 9th Understanding Society India and Beyond, Part I

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