Question

The creation of a single European market would
(1 point)
• promote competition, which would lower prices and improve consumer power.
• promote competition, which would raise prices so that businesses earn more and
consumers buy less.
prevent competition from occurring between European countries.
prevent consumers from obtaining too much consumer power which may lead to outrageous debt.

Answer 1

promote competition, which would lower prices and improve consumer power.

Explanation: a single market reduces trade barriers and increases rivalry among firms across countries, leading to lower prices, more choice, and greater consumer welfare.