Why is quality competition as important as price competition, Microeconomics

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Why is quality competition as important as price competition

Problem

Is quality and style competition as important as price competition? Would you like to live in a country where government regulation restricted the use of quality and style competition? Why or why not? Do you think you would get more or less for your consumer dollar under restrictions like these? Discuss.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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