which situation is the best example of competition in an economic system?\no a restaurant just opened down…

which situation is the best example of competition in an economic system?\no a restaurant just opened down the block from a movie theater, and the restaurant owner hopes to attract diners after each movie.\no a small cd store slashed its prices to attract customers from a larger store that sells cds and dvds.\no a store that sells sneakers has offered a special deal to customers from a nearby health club.\no a federal agency has been created to monitor the production and distribution of food supplements.

which situation is the best example of competition in an economic system?\no a restaurant just opened down the block from a movie theater, and the restaurant owner hopes to attract diners after each movie.\no a small cd store slashed its prices to attract customers from a larger store that sells cds and dvds.\no a store that sells sneakers has offered a special deal to customers from a nearby health club.\no a federal agency has been created to monitor the production and distribution of food supplements.

Answer

Brief Explanations:

Competition in an economic system involves businesses vying for customers. Slashing prices by a small CD - store to attract customers from a larger store is a classic competitive behavior. The first option is about complementary businesses, the third is about a special deal with a specific group, and the fourth is about government regulation, not competition.

Answer:

B. A small CD store slashed its prices to attract customers from a larger store that sells CDs and DVDs.