Question

Who would benefit more from pure competition compared to other forms competition, producers and consumers

Answer 1

Consumers will benefit more from pure competition that producers. Pure competition means that consumers have many choices and can choose to buy from many producers. If they are unhappy with one product, it would be easy to switch to another. So if economic principles hold true, consumers would benefit from this type of arrangement. The opposite of this would be a monopoly where the producers have all the power and the consumer has little to no choice.