Question

give any two benefits of compition​

Answer 1

Answer:

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

Answer 2

Answer:

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.