Question

Antonio's is the only restaurant in town that serves Italian food. A new Italian restaurant opens down the street from Antonio's. In a market economy, what is the most likely effect of a competing restaurant opening in the neighborhood?

The new restaurant will charge higher prices than Antonio's because they need to pay off new business loans.
Both restaurants will increase their prices to make up for the customers who chose to visit the competing restaurant.
Customers will benefit from better products and lower prices as the restaurants complete for their business.
option4incomments

Answer 1

The new restaurant will charge higher prices than Antonio's because they need to pay off new business loans.
Both restaurants will increase their prices to make up for the customers who chose to visit the competing restaurant.
Customers will benefit from better products and lower prices as the restaurants complete for their business.
Antonio's will stop spending on advertising or offering coupons to customers to protect their profits.

Answer 2

@Love_k @little_rebel @pooja195 @sleepyjess @shifuyanli @kyle21

Answer 3

you do know you posted the answer choices twice right...?

Answer 4

yeah

Answer 5

LOL..what do you think?

Answer 6

c

Answer 7

Do you think I'm right?

Answer 8

nope not C sorry

Answer 9

what!? A?

Answer 10

what will antonio's stop doing?

Answer 11

If its not a or c it has to be D because it is not B

Answer 12

yes! D is right

Answer 13

are you sure?

Answer 14

I am almost positive.

Answer 15

are you?

Answer 16

nope