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A decrease in competition within an industry can lead to higher prices for consumers, as companies may have less incentive to keep prices low without the pressure of rivals. It can also result in reduced innovation, as firms may become complacent without the need to differentiate themselves. Additionally, decreased competition can lead to poorer customer service and product quality, as companies may not feel compelled to meet consumer demands. Overall, the lack of competition can hinder market efficiency and consumer choice.
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A decrease in competition within an industry often results in what?
A decrease in competition within an industry often results in one company holding a significant amount of economic power. For example, Comcast lacks competition and can therefore charge a lot for their service.
What impact does the presence of oligopoly in the car industry have on competition and consumer choice?
The presence of oligopoly in the car industry can limit competition and consumer choice. Oligopoly occurs when a few large companies dominate the market, leading to less variety and innovation in products. This can result in higher prices for consumers and less incentive for companies to improve their products or offer better deals. Overall, oligopoly in the car industry can restrict options for consumers and stifle competition.
What is a competition brief in the media industry?
no
Would a decrease in input cost to firms in a market will result in a decrease in equilibrium price?
A decrease in input costs to firms in a market will result in
What happens if competition decreases in a certain industry?
Competition helps to keep the quality high and prices down. If competition decreases, the quality can go down and the prices can go up in that industry.
A decrease in competition within an industry often results in what?
A decrease in competition within an industry often results in one company holding a significant amount of economic power. For example, Comcast lacks competition and can therefore charge a lot for their service.
Why did populist support limits on immigration?
To decrease competition for jobs
When a industry or business has no competition?
A monopoly is an industry or business having no competition.
What were the main reasons for the decrease in the miscellaneous office machines industry?
The main reasons for this decrease included an increased use of computers, foreign competition, increased productivity, reduced corporate spending, and U.S. demographic changes.
Allowing competition in the power industry?
Baseload plants allow competition in the power industry.
The cargo container improved distribution by introducing what methods into the shipping industry?
Standardization
How did economic goals for countries change as nationalist sentiments grew?
Competition for land, trade, and industry increased
What impact does the presence of oligopoly in the car industry have on competition and consumer choice?
The presence of oligopoly in the car industry can limit competition and consumer choice. Oligopoly occurs when a few large companies dominate the market, leading to less variety and innovation in products. This can result in higher prices for consumers and less incentive for companies to improve their products or offer better deals. Overall, oligopoly in the car industry can restrict options for consumers and stifle competition.
Competition in the car industry?
Oligopolic!
What is a competition brief in the media industry?
no
Would a decrease in input cost to firms in a market will result in a decrease in equilibrium price?
A decrease in input costs to firms in a market will result in
What happens if competition decreases in a certain industry?
Competition helps to keep the quality high and prices down. If competition decreases, the quality can go down and the prices can go up in that industry.
