Question $1(2$ points$)$

Saved

$2$

$3$

Both Tom's Car Repair and Fast Engines, incur a cost of $$9\mathrm{.}000$ to manufacture a vehicle. However, the economic value created by Fast Engines, is more than that created by Tom's Car Repaif. What does this indicate?

$5$

$6$

Both Tom's Car Repair and Fast Engines have achieved competitive parity.

Fast engines can charge a premium price on its automobiles.

Information

Tom's Car Repair has a competitive advantage over Fast Engines.

Tom's Car Repair has created a higher value gap than Fast Engines.