asked 1.4k views
1 vote
When companies compete with each under in lawful manor it is called

1 Answer

2 votes

Answer:

Competition.

Step-by-step explanation:

Competition refer to rivalry that occur between companies that sell the same product and service with the intention of making profits, revenue and market share growth. When companies compete with each other, the consumers get the best of their product and services in terms of price, quality and quantity.

Antitrust laws encourage companies to compete so that both consumers and businesses benefit from the competition. An important benefit of competition is a boost to innovation.

answered
User Olter
by
7.6k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.