give any two benefits of compition
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the simplest way for a company to gain a high market share is to offer a better price. In a competitive market, prices are pushed down. ... Better quality: Competition also encourages businesses to improve the quality of goods and services they sell – to attract more customers and expand market share
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Low prices for all: the simplest way for a company to gain a high market share is to offer a better price. In a competitive market, prices are pushed down. Better quality: Competition also encourages businesses to improve the quality of goods and services they sell – to attract more customers and expand market share.
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