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    Competition and Efficiency

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    rehman118
    Competition is more likely to lead to productive and allocative efficiency than monopoly by driving down costs and prices. While competition may not always spur dynamic efficiency, firms sometimes use anti-competitive practices to limit competition and increase profits. Overall, the document discusses the relationship between competition, efficiency, and anti-competitive business strategies.

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    Competition and Efficiency

    Uploaded by

    rehman118
    12 views4 pages
    Competition is more likely to lead to productive and allocative efficiency than monopoly by driving down costs and prices. While competition may not always spur dynamic efficiency, firms sometimes use anti-competitive practices to limit competition and increase profits. Overall, the document discusses the relationship between competition, efficiency, and anti-competitive business strategies.

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    Competition is more likely to lead to productive and allocative efficiency than monopoly by driving down costs and prices. While competition may not always spur dynamic efficiency, firms sometimes use anti-competitive practices to limit competition and increase profits. Overall, the document discusses the relationship between competition, efficiency, and anti-competitive business strategies.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    12 views4 pages

    Competition and Efficiency

    Uploaded by

    rehman118
    Competition is more likely to lead to productive and allocative efficiency than monopoly by driving down costs and prices. While competition may not always spur dynamic efficiency, firms sometimes use anti-competitive practices to limit competition and increase profits. Overall, the document discusses the relationship between competition, efficiency, and anti-competitive business strategies.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    of 4

    Competition and Efficiency

    By Rehman & Rashid


    Summary
    • Competition is more likely to lead to productive and allocative
    efficiency than monopoly.
    • Competition may not necessarily lead to dynamic efficiency.
    • Firms use a wide variety of anti-competitive practices to limit
    competition in order to increase their profits.

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