Respuesta :
Firms operating in the same market, offering similar products, and targeting similar customers are competitors.
What are the positives of competition?
Businesses will be more motivated to reduce costs, enhance the quality of their goods and services, and give customers more options when a market is competitive. In other words, companies will need to innovate to differentiate their products from the competition.
why is competition bad for the economy?
Competition reduces your market share and clientele, especially if there is initially little demand for your goods or services. Your return on each product you make and sell may be reduced if a competitive market forces you to cut your prices to remain competitive.
Learn more about competition in economy: https://brainly.com/question/17736624
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