zawadikahara zawadikahara
  • 07-11-2021
  • Business
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HOW DOES BUSINESS COMPETITION ENCOURAGE IMPROVED PRODUCT QUALITY AND CUSTOMER SATISFACTION

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borjateriann
borjateriann borjateriann
  • 07-11-2021

Answer:

When firms compete with each other, consumers get the best possible prices, quantity, and quality of goods and services. Antitrust laws encourage companies to compete so that both consumers and businesses benefit. One important benefit of competition is a boost to innovation.

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