Create an image illustrating the concept of competition in the realm of economics. Create a vivid depiction of two storefronts representing businesses with similar products, with display signs indicating sales, discounts, and deals, interacting customers of varying genders and descents. The scene should encapsulate the beneficial effects of competition leading to diversity of products and affordable prices. A more expansive backdrop should display the market bustling with activity, highlighting a dynamic market economy, and the freedom of enterprise under a bright sky, symbolizing optimism and prosperity. Do not include any text in the image.

How do nearby businesses with similar products usually compete?

a. offering deals and low prices**
b. changing to different product types
c. lowering the level of service to save costs
d. establishing a minimum price for everyone to use

Whar is a positive effect of competiton?
a. increased value for consumers**
b. increased wages for workers
c. increased profits for producers
d. increased incentives for investors

How has the dedication to a market economy changed the US goverment?
a. it led to the Bill of Rights
b. it led to support for workers' rights
c. it led to a belief in freedom of enterprise
d. i led to a preference for producers rights over cosumer right

What does greater competiton among sellers usually lead to?
a. lower prices and fewer choices for buyers
b. lowers prices and more choices for buyers**
c. higher prices and fewer choices for buyers
d. higher prices and more choices for buyers

What does greater competition among buyers usually lead to?
a. resources going to those who are willing and able to pay more
b. resources being more readily available to all who want them
c. companies making products unavailable
d. companies developing new non-price competition approaches

These are the correct answers!

1.)A
2.)A
3.)C
4.)B
5.)A

THEY ARE CORRECT 5/5!

A
A
C
B
A

4 questions is

a
a
c
b
so you know

WAIT A SEC! I HAVE 4 QUESTIONS NOT FIVE!

1.)A

2.)A
3.)C
4.)B
5.)A

100% correct

just got all my answers right!!! thanks!!

Its correct but incase if they switched up it's

A. offering deals and low prices
A.increased value for consumers
C.it led to a belief in freedom
B. Lower prices and more for buyers

and if you have one more I am sorry! its only four for me. Yw

They all are right

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