In most industrialized countries, including Canada, this belief in the value of competition - that consumer and businesses prosper in a competitive and innovative marketplace - is a backbone of domestic and global economic policy. This belief is also the underpinning for the creation and enforcement of global and domestic competition/antitrust laws, including Canada's Competition Act. Sometimes though, competition could be bad. What are some examples of ways that competition could have a negative impact?Explain

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While competition is generally considered beneficial for promoting innovation efficiency and consumer welfare there are instances where it may have ne... View the full answer