studies on market competition

Studies on market competition explore how businesses vie to attract customers while maximizing profits. When multiple companies offer similar products, they may lower prices, improve quality, or innovate to gain an edge. This competition can benefit consumers through better choices and lower prices. Researchers analyze various factors, such as market structure, consumer behavior, and regulatory impacts, to understand how competition influences economic health. Findings help policymakers create fair regulations, ensuring markets remain competitive and efficient, ultimately fostering growth and innovation in various industries.