Elliot runs a car wash that does pretty good business; however, three new car washes have opened up all within three blocks of his business. This means that Elliot’s business now has a lot of competitors and will likely face ______ that may result in him having to lower his prices?%0D%0A%0D%0A(1 point)%0D%0AResponses%0D%0A%0D%0Astiff price competition%0D%0A%0D%0Astiff price competition%0D%0A%0D%0Amild price competition%0D%0A%0D%0Amild price competition%0D%0A%0D%0Aminor consumer competition%0D%0A%0D%0Aminor consumer competition%0D%0A%0D%0Aslight branding competition
