Question

Why is competition important to consumers​

Answer 1

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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. ... Competition among companies can spur the invention of new or better products, or more efficient processes.

Answer 2

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. ( can you answer my questions please)

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