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

Question

Responses

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

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 competition from occurring between European countries

Answer 1

The correct response is:

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

The creation of a single European market aims to enhance competition among businesses, which tends to lower prices and improve choices for consumers.