An advantage of the emergence of single markets is that the lowering of barriers to trade and investment among countries has led to decreased price competition throughout the European Union.

Question

Quizplus · Accepted Answer

The statement is false. The emergence of single markets has actually led to increased price competition as businesses compete to attract customers from across the entire market. The removal of trade barriers has also led to increased efficiency and economies of scale for businesses, which can lead to lower prices for consumers.

An Advantage of the Emergence of Single Markets Is That