Answer: Second Option: Competition affects how much products cost.
Explanation: The principle of competition forces businesses to <em>maximize efficiency and offer their products at the lowest prices the market will bear</em>, lest they <em>get put out of business by more efficient and better-priced competitors.</em>
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The opportunity cost in the scenario above is the three lost possibilities, Harry could have undergone but decided to go to his parents house.
- Hid plans to paint his flat that weekend.
- He considered also going fishing for the weekend.
- Hi friend Theo request to the surprise birthday reception for another friend.
<h3>What is the opportunity cost in the scenario?</h3>
“Possibility cost is the weight of the next-best option when a decision is made; it's what is given up,” describes Andrea Caceres-Santamaria, aging financial education specialist at the St. Louis Fed, in a current Page One Economics: Money and Skipped Opportunities
To learn more about scenario , refer
brainly.com/question/14846093
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Building the Grand Canal was a major achievement of the Sui Dynasty. Building the Grand Canal was a major achievement of the Sui Dynasty. This answer has been confirmed as correct and helpful.
The line was made obsolete. The new arrangement was meant to be local voting on slavery in the new states of Nebraska and Kansas.
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