7. The creation of a single European market under the European Union would(1 point)

Responses

prevent competition from occurring between European countries
prevent competition from occurring between European countries

promote competition, which would raise prices so that businesses earn more and consumers buy less.
promote competition, which would raise prices so that businesses earn more and consumers buy less.

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

prevent consumers from obtaining too much consumer power which may lead to outrageous debt.

1 answer

The correct response is:

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

The creation of a single European market is designed to enhance competition among businesses across member states, which typically results in lower prices for consumers and greater choices in the market.