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What happens to the market is that
without competition the price of the product will be increased, which means the consumers will need more money for the needed product, as according to the 'law of demand' when the price of a product increases rapidly the country will suffer from the deflation.
Wiki User
∙ 10y ago
Wiki User
∙ 11y agothe development of a monopoly, artificial shortages and higher prices and
excessive political influence by businesse
Wiki User
∙ 13y agoIn bidding and contracting arrangements, inadequate competition exists if (1) bids are not solicited from at least two 'responsible bidders,
Wiki User
∙ 12y agoinadequate competition can lead to market failure.
Wiki User
∙ 9y agoMonopoly is the major cause of inadequate competition. Lack of enough supply and uneven playing ground will definitely led to inadequate competition.
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What is the result of competition between sellers?
Lower prices.
What is the typical result of competition between businesses?
bette quality for lower price
Why is specialization a common result of free trade?
competition encourages countries to specialize in what they do best
Which condition is a result of open competition in a free market system?
Higher quality goods
What is inadequate evidence?
Evidence which is not sufficient to prove a contention to the standard required is inadequate.
What is formed as the result of inadequate carbohydrate consumption?
Ketones are formed as a result of inadequate carbohydrate consumption.
What problem occurred as a result of unanticipated urbanization?
One problem that occurred as a result of unanticipated urbanization is overcrowding. Cities that experience rapid and unplanned growth often struggle to accommodate the influx of people, leading to inadequate housing, strained infrastructure, and increased competition for resources. This can result in a decline in living standards and social unrest.
True or false an inadequate supply of calcium in the early years may result in a child who is shorter and less intellectually-able?
an inadequate supply of calcium in the early years may result in a child who is shorter and less intellectually-able?
Which of these is likely to result in the most competition?
The list of choices posted along with the question doesn't include anything that's likely to result in any competition at all.
Development of adaptations as a result of symbiotic relationships?
Competition
What is the result of competition between sellers?
Lower prices.
What is the result of direct competition in nature?
Extinction of the loosing species
After-action reports from ineffective incident responses find that response problems are far more likely to result from?
Inadequate management
What is often the result of direct competition in nature?
Extinction of the loosing species
What may happen over time as result of competition?
You lose the game
Scarcity of resource and a growing population are most likely to result in?
Competition
What are three examples of the word inadequate?
His grades were inadequate. The food provided inadequate nourishment. Money was inadequate to finance the venture.
