Why don't conglomerates generally decrease competition?

Conglomerates typically do not decrease competition because they often operate in diverse industries rather than focusing on a single market. Their varied business interests can lead to increased innovation and efficiency, as companies within the conglomerate can share resources and expertise. Additionally, the presence of multiple players in each sector generally maintains competitive pressure, as conglomerates still face competition from other firms. Consequently, the overall market dynamics remain intact, fostering competition rather than reducing it.