How do nearby businesses with similar products usually compete? (1 point) Responses offering deals and low prices offering deals and low prices changing to different product types changing to different product types lowering the level of service to save costs lowering the level of service to save costs establishing a minimum price for everyone to use
pick an answer
Responses offering deals and low prices.
What is a positive effect of competition? (1 point) Responses increased value for consumers increased value for consumers increased wages for workers increased wages for workers increased profits for producers increased profits for producers increased incentives for investors
pick one
increased value for consumers
How has the dedication to a market economy changed the U.S. government? (1 point) Responses It led to the Bill of Rights. It led to the Bill of Rights. It led to support for workers' rights. It led to support for workers' rights. It led to a belief in freedom of enterprise. It led to a belief in freedom of enterprise. It led to a preference for producer rights over consumer rights.
pick one
It led to a belief in freedom of enterprise.
What does greater competition among sellers usually lead to? (1 point) Responses lower prices and fewer choices for buyers lower prices and fewer choices for buyers lower prices and more choices for buyers lower prices and more choices for buyers higher prices and fewer choices for buyers higher prices and fewer choices for buyers higher prices and more choices for buyers
pick one