Economics and Personal Finance Competition in the Business World Follow-Up Questions 1. Think about a time in which you had to make a choice between two competitors. How did you eventually make your decision (based on what)? Was it product quality, the price point, an advertisement, a new product, a new deal, customer service, or something else? Explain! The Great Smalltown Pizza Battle A. Mo's Pizza (Decision # 1) - B. Mo's Pizza (Decision #2) - C. Mo'z Pizza (Decision #3) - cowbericove ju jon Commune Loogpounce suq 1Cleous] Ljusnce Follow-Up Questions 1. Is there any particular reason you chose the options you did in the order you did? If so, why? Com ysweet Combed 2. What does competition in the marketplace mean? 3. Does competition help the consumer? Explain your answer... 4. What are the possible effects of a second pizza shop opening in Smalltown, USA? What about a third or fourth or more? 5. What are the advantages and disadvantages of competition in the open marketplace