It has significantly decreased
A perfectly competitive market helps ensure that the products produced are the goods that consumers want demonstrates the concept of allocative efficiency.
<span>Allocative efficiency defines a state of the economy in which production represents consumer preferences and it is a characteristic of an efficient market.
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Answer:
The correct answer is predatory pricing.
Explanation:
When we speak of the legal right "defense of free competition", what we are referring to, in very simple words, is a field of law that seeks to safeguard that competition in the markets occurs "in good and sound fashion", this it is, without cheating, fraud or other "abusive" devices that are apt to achieve, maintain or increase the market power of those who execute them, thereby damaging the collective well-being of the economic agents participating in those markets (and not only the of the individuals directly involved in a certain transaction).
Given that Conrad's time of service delivery is slow, my advice to him would be that he has to address his quality and his service.
<h3>What is competitive advantage?</h3>
This term as it applies to the question has to do with the advantage that a business has over its competitors.
For Conrad to have this advantage they must try to serve their customers better and stop making them wait for too long.
Read more competitive advantage on here:
brainly.com/question/14030554
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Answer:
it's a u're welcome
Explanation:
u're welcome ♥️hope you enjoyed
