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rs the price and increases the choices given

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12y ago

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What is the impact of international competition?

International competition allow consumers to have more options when it comes to products. They also help prices fall because the market is more competitive.


How consumers benefit from competition among businesses?

competition leads to lower prices


How do consumers benefits from competition among business?

competition leads to lower prices


What gives consumers more options?

Competition


What level of competition is most beneficial for consumers?

oligopoly


What motivates Market economys?

Competition within industries motivates a market economy. With more options, consumers will spend money on the products they want, which will help the economy.


Does anti-dumping policies benefit consumers?

Anti-dumping policies can benefit consumers by protecting domestic industries from unfair competition, which can help maintain jobs and ensure a stable supply of products. However, these policies can also lead to higher prices for consumers, as they may limit the availability of cheaper imported goods. Ultimately, the impact on consumers depends on the specific circumstances of the industry and the extent to which competition is affected. In some cases, consumers may face higher costs, while in others, they may benefit from a healthier domestic market.


What is a statement about competition is true?

Competition can drive innovation and improvement in products and services, leading to better options for consumers. It can also provide motivation for businesses to operate efficiently and strive to differentiate themselves in the market. Additionally, competition can help prevent monopolies and promote fair market practices.


Economic rivalry among sellers for the consumers' dollars is called?

competition


Competition benefits consumers by insuring what?

Competition benefits consumers by ensuring a variety of products and services to choose from at a fair price. Competitors will often run sales or specials on their goods, which leads to savings for the consumer.


What are some benefits the consumer right derive from the exitence of monopolistic competition?

Monopolistic competition benefits consumers by providing a diverse range of products that cater to varying preferences and needs, as firms differentiate their offerings. This variety encourages innovation and improvements in quality, leading to better choices for consumers. Additionally, while prices may be higher than in perfect competition, the presence of numerous firms fosters competition, which can help keep prices in check and enhance overall consumer welfare.


What are the benefits of commodity future trading?

The main benefit of commodity future trading is that it will help balance out supply and demand. It will also add a little competition to the markets which will in turn help the consumers get a better price for goods.