Final answer:
Increased competition and increased productivity are two key factors that guarantee consumers the lowest prices possible.
Step-by-step explanation:
The two conditions that guarantee consumers will enjoy the lowest prices possible are increased competition in the market and increased productivity. When there is more competition, businesses are forced to lower their prices to attract customers. Additionally, when productivity increases, businesses can produce goods at a lower cost, which can be passed on to consumers in the form of lower prices. For example, if multiple companies are producing the same product, they will compete with each other by offering lower prices to attract customers. This benefits consumers as they have the option to choose the product with the lowest price.
Furthermore, when productivity increases, businesses can produce goods more efficiently, reducing their production costs. As a result, businesses can lower the prices of their products without sacrificing quality. For instance, advancements in technology can streamline the production process, allowing businesses to produce more goods at a lower cost per unit.
Overall, increased competition and increased productivity are two key factors that drive down prices for consumers. By encouraging businesses to lower their prices and produce goods more efficiently, consumers benefit from having access to a wider variety of goods at affordable prices.