Business, 28.08.2020 20:01 Lnjayy

A restaurant has been operating in the same location for decades. However, a new restaurant opens across the street and sells very similar food. Both
restaurants try to win over customers by lowering prices and creating new,
innovative dishes. Which element of the free enterprise system does this
situation best reflect?
A. Competition
B. Limited role of the government
C. Individual freedom for producers
D. Profit motive

Answers: 2

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