As consumers we loke competition because it lowers prices, Business Economics

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As consumers we loke competition because it lowers prices

As consumers we loke competition because it lowers prices and increases supply.

Many products and services we use started out with limited choices and high prices.

Then for various reasons more competitors entered the market and our choices increased and prices fell.

What is an example you can think of where more competition has brought you more choice and lower prices? Is it always good? Is there a downside to it?

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