When DVD players were first introduced, the price was very high, thereby preventing the average consumer from purchasing one. Today, however, as a result of increased competition in the market, most consumers can afford one because they are significantly cheaper. By reducing the price of these products and ensuring a large number of product offerings, competition has promoted consumers' right to

Question

Itzel Cole

Business

18 May, 12:44

When DVD players were first introduced, the price was very high, thereby preventing the average consumer from purchasing one. Today, however, as a result of increased competition in the market, most consumers can afford one because they are significantly cheaper. By reducing the price of these products and ensuring a large number of product offerings, competition has promoted consumers' right to

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Answers (1)

Know the Answer?

Keith Roy · Answer 1

The correct answer is: choose.

Explanation:

According to the Consumer Protection Act of 1986, the consumers' right to choose allows them to have access to different types of certain goods at fairly established prices. For this scenario to take place, the only market condition necessary is competition.