In the context of competition, one of the benefits is:
C. Lower prices
When businesses compete with each other, they strive to attract more customers by offering better deals and lower prices. This competition often leads to price wars, where companies lower their prices to gain a larger share of the market. As a result, consumers benefit from lower prices and potentially higher quality products or services as companies innovate to stay competitive. Overall, competition in the marketplace tends to drive prices down, benefiting consumers.
