Which situation is the best example of competition in an economic system?
• A restaurant just opened down the block from a movie theater, and the restaurant owner hopes to attract diners
after each movie.
• A small CD store slashed its prices to attract customers from a larger store that sells CDs and DVDs.
• A store that sells sneakers has offered a
special deal to customers
from a nearby health club.
• A federal agency has been created to monitor the production and distribution of food supplements.