How does competition in the market benefit the consumer
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Answer:
It benefits in terms of service, quality and price...
Explanation:
If a person goes in a competitive market, he gets better quality and service. Also the price is reduced
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The competition in the market benefits the consumer by keeping prices low, and goods and services consistent in quality and availability.
Explanation:
- The FTC promotes healthy competition and opposes anticompetitive business practices to ensure that customers have access to quality goods and services and that firms will operate on the basis of their jobs.
- The rivalry of company can be intense and rivalries in a free market can be acrid and bitter. The amount of animosity that two firms may have with each other can be very hostile and may seem like an invitation to war to allow competition.
Learn more about competition in the market
How has globalisation caused the competition in the market
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Law to ensure free and fair competition in the market
a)consumer protection act
b)competition act
c)information technology act
d)companies act
https://brainly.in/question/3826047
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