Why does competition among producers result in lower prices better product quality and better customer service?

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1104144

2026-03-21 06:46

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It is a matter of basic Economics. The more products available, the lower prices. Companies choose the prices to a point, and the more competition for business, the customers will choose the lowest prices for the same items. Competition also effects quality and service, since if the same products and services are offered, customers will use other factors like how they are treated or how long the product lasts.

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