What is open opportunity?(1 point)

Question

Responses

Open opportunity occurs when products or services are available without cost to the consumer.
Open opportunity occurs when products or services are available without cost to the consumer.

Open opportunity occurs when consumers and producers can choose to compete in any market place.
Open opportunity occurs when consumers and producers can choose to compete in any market place.

Open opportunity is where buyers and sellers willingly choose to participate in transactions and both parties receive a net benefit.
Open opportunity is where buyers and sellers willingly choose to participate in transactions and both parties receive a net benefit.

Open opportunity is the free exchange of information in an economic system.

Answer 1

Open opportunity occurs when consumers and producers can choose to compete in any market place.