Question

Competition is good for customers because it gives them more options.

Answer 1

Answer:

The correct answer is A. It is true that competition is good for customers because it gives them more options.

Explanation:

In economics, competition refers to the pursuit of a goal by at least two economic subjects, with the higher degree of goal achievement of one actor causing a lower degree of goal achievement by the other.

Competition requires at least one actor with an inferior degree of target achievement and thus works against certain social principles such as equality, as it requires a privileged position of those who have achieved the higher degree of target achievement.

As for consumers, the bidding between companies through competition is beneficial. This is because, to capture the largest proportion of the market, companies make different offers, promotions and other proposals that imply benefits for consumers, who can choose the best proposal that best suits their economic possibilities and their tastes.