Respuesta :

nishabiju31

Answer:

Introducing increased competition refers to the act of promoting or allowing more businesses or entities to participate in a market or industry. This can be achieved by reducing barriers to entry, fostering a more open market environment, and encouraging new players. The goal is often to enhance efficiency, stimulate innovation, lower prices, and improve overall performance by creating a competitive landscape where companies strive to outperform each other.

Shenshengde

Answer:

Introducing increased competition typically refers to the deliberate effort to encourage more businesses or entities to compete in a specific market or industry. This can lead to several outcomes, including:

  • Lower prices for consumers due to competitive pricing strategies
  • Encouragement of innovation and improvement in product quality
  • Expansion of consumer choices as companies strive to differentiate themselves
  • Potential for greater efficiency and productivity as companies seek to gain a competitive edge

Overall, introducing increased competition is often aimed at benefiting consumers, driving innovation, and fostering a dynamic and efficient marketplace.

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