"The presence of a competitor is always beneficial to a company. Competition forces a company to change itself in ways that improve its practices."Discuss the extent to which you agree or disagree with the opinion stated above. Support your views with r

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The statement points out that it is always beneficial to a company whenever there is a competitor in that a company has to make improvement in its practices in competition. In my view, I cant agree with the statement any more.

In the first place, it is well-known that competition can motivate companies people and society to make progress . In economic, we know a perfect competion in market results in the pareto efficiency that means both consumers and producers maximaze their own surplus. No one get hurt or lose interests in the pareto efficient equilibrium. Therefore, the social surplus is maximized.

In the second place, when a competitor adopts new technology, the company will try all the ways to improve its own production using more advanced technology so that it can still make profits and take a place in the competive market. In the US, many computer firms compete to produce high quality computers with compatively cheaper prices to attract buyers. In order to keep or increase profits, they have to find more efficient ways to produce the computers with lower cost. Thus, all this results in an efficient social running system. Everyone tries to use the more and more effective ways to do things and the resources will be fully used. Suppose, there is only one company in the market or industry. We called this monopoly. The monopoly can charge whatever prices he wants to maximize its profit. Morover, no one compete with it. So he loses its incentive to improve its managment and production ;he has no motivation to survive in the market. the survival is the fittest is not applicable in a monopolistic market. Consumers suffer from this situation.

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In conclusion, Inputting competition in a market is the best way to achieve highest social benefits, which are good for every person and company in the society.Please note that this sample paper on "The presence of a competitor is always beneficial to a company. Competition forces a company to change itself in ways that improve its practices."Discuss the extent to which you agree or disagree with the opinion stated above. Support your views with r is for your review only. In order to eliminate any of the plagiarism issues, it is highly recommended that you do not use it for you own writing purposes. In case you experience difficulties with writing a well structured and accurately composed paper on "The presence of a competitor is always beneficial to a company. Competition forces a company to change itself in ways that improve its practices."Discuss the extent to which you agree or disagree with the opinion stated above. Support your views with r, we are here to assist you. Your cheap research papers on "The presence of a competitor is always beneficial to a company. Competition forces a company to change itself in ways that improve its practices."Discuss the extent to which you agree or disagree with the opinion stated above. Support your views with r will be written from scratch, so you do not have to worry about its originality.

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