Westonci.ca is your trusted source for finding answers to a wide range of questions, backed by a knowledgeable community. Connect with a community of experts ready to provide precise solutions to your questions quickly and accurately. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.

Why did some people believe lack of competition would hurt consumers?

Sagot :

Answer:

Without competition, corporations had no reason to keep their prices low or to improve their goods & services.

Explanation:

People believed this because with lack of competition consumers would have no guarantee that their products they are buying are good or even effective with nothing to compare it to, the companies also wouldn’t be insuring successful products if their is no other business to compete with