Does competition help or hurt the economy?

Shaky_1991

ANSWERS: 2

Jenny The Great ⭐

There are hardly any Americans who can compete with cheap labor. An influx of labor from abroad increases the domestic workforce.

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migarce

Usually it is believed the competition would stop unnecessary higher prices of many products in the market. Also the presentce of illigal schemes like monopoly, oligopoly and also the colusion of firms to manipulate prices.

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