Answer:
It has greatly increased but leveled off in recent years
Explanation:
Answer:
To prevent monopolies and oligopolies in economies.
Explanation:
Monopolies are organizations that have almost entire control of markets. <em>If I ran a monopolistic oil company in the US, I could in theory control the cost of oil by raising it higher/lower than any competitor and charge lots of households many more had there been competition.</em>
Oligopolies are organizations that work together to cut out competition, with the exception of the corporate ally. <em>If my buddy and I ran an oligopoly on oil, we would have control of the entire market together and control the costs of oil, in theory.</em>
Hope that helps, best of luck!
A nation's competitiveness depends on the capacity of its industries to <u>innovate and upgrade</u> and thereby maintain its competitive advantage.
<h3>
What is competitive advantage?</h3>
- A company's ability to produce goods or services faster, more efficiently, or for less money than its competitors is known as a ccompetitive advantage.
- These elements enable the producing unit to outperform its competitors in terms of sales or margins. Cost structure, branding, the standard of the product offers, the distribution system, intellectual property, and customer service are just a few examples of the variables that are thought to contribute to competitive advantages.
- Comparative and differentiated advantages are two types of competitive advantages.
- A corporation has a comparative advantage if it can create a product more effectively than a competitor, which increases profit margins.
- When a company's products are regarded as both distinctive and of greater quality than those of a competitor, this is known as having a differential advantage.
To learn more about competitive advantage with the given link
brainly.com/question/15095207
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