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?     a: the new restaurant will charge higher prices than antonio's because they need to pay off new business loans. b: both restaurants will increase their prices to make up for the customers who chose to visit the competing restaurant.  c: customers will benefit from better products and lower prices as the restaurants complete for their business.  d: antonio's will stop spending on advertising or offering coupons to customers to protect their profits.

Answer C: Customers will benefit from better products and lower prices as the restaurants compete for their business.

The most likely effect of a competing restaurant opening in the neighborhood is C. Since there are now two restaurants in town to choose from, customers can choose the better product offered, and at the same time, the lower price.

it would have concentrated power in the executive branch of the government. it would have restored balance among the three branches of government. it would have set a precedent for government intervention in the economy. it would have signaled an end to all the programs of roosevelt’s new deal.

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industrial revolution, in modern history, the process of change from an agrarian and handicraft economy to one dominated by industry and machine manufacturing