Competition stimulates innovation, encourages efficiency, and drives down costs (prices). According to microeconomic theory, no system of resource allocation is more efficient than pure competition. Competition, according to the theory, causes commercial firms to develop new products, services, and technologies. This gives consumers greater selection and better products. The greater selection typically causes lower prices for the products compared to what the price would be if there was no competition (monopoly) or little competition (oligopoly).
If that doesn't work for you in some positive way, willy, I'm not sure what would.
If that doesn't work for you in some positive way, willy, I'm not sure what would.
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