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Why is fair competition an important ethical consideration for data-driven technology businesses?

A.Fair competition builds user trust in the technology as a whole.
B.Fair competition prevents predatory pricing.
C.Fair competition provides product/service choice to users.

User Gavo
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1 Answer

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Final answer:

Fair competition is important for data-driven technology businesses because it builds user trust, prevents predatory pricing, and provides product/service choice to users. All options are correct.

Step-by-step explanation:

Fair competition is an important ethical consideration for data-driven technology businesses for several reasons. Firstly, fair competition builds user trust in the technology as a whole. When users see that multiple technology businesses are competing fairly, they are more likely to trust and rely on these technologies for their needs. Secondly, fair competition prevents predatory pricing. Without fair competition, a dominant technology business could use its market power to lower prices significantly, driving smaller competitors out of the market and potentially creating a monopoly. Lastly, fair competition provides product/service choice to users. When there is fair competition, different businesses offer diverse products and services, giving consumers a range of options to choose from.

User Richard Marr
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