Question

Which statement about competition is generally TRUE in a free market economy?

O It results in higher prices for consumers.
O It results in all businesses making a profit.
It results in more economic choices for consumers.
O It results in fewer economic choices for consumers.

Answer 1

Competition in a free market economy results in more economic choices for consumers.

Step-by-step explanation:

In a free market economy, competition results in more economic choices for consumers. When businesses compete with each other, they strive to offer better products and services, lower prices, and improved customer experiences in order to attract more customers. This competition ultimately benefits consumers by giving them a wider range of options to choose from.

Learn more about Competition in a free market economy