In a market system, which of the following will eliminate high-cost producers and allow only the low-cost producers to survive?

A) competition
B) money
C) a sovereign government
D) specialization

High-Cost Producers

Businesses or entities that incur higher expenses in the production of goods or services, often leading to higher selling prices to maintain profitability.

Low-Cost Producers

Companies or entities that can produce goods or services at a lower expense than competitors, often due to efficiencies or advantages.

Market System

An economic system in which decisions regarding investment, production, and distribution are guided by the price signals created through the forces of supply and demand.