The two positive effects that would likely result from the new competition are:
- Better prices
- Higher quality
Competition often leads businesses to improve their prices and the quality of their products or services to attract more customers.
Imagine your town has a local bike store called Brianna’s Bikes. After years of good business, a larger competing chain store opens up across the street. This new store, David’s Bike Depot, offers specials such as a family pack of helmets for a lower price and free bike tune-ups with a minimum purchase. Use the passage to answer the question. Which positive effects would likely result from this new competition? Select the two correct answers. (1 point) Responses fewer choices fewer choices better prices better prices higher quality higher quality higher wages
1 answer