Market competition benefits consumers from "summary" of The Antitrust Paradox by Robert Bork
The central argument put forth is that market competition is ultimately beneficial for consumers. This is because when firms are forced to compete with one another, it leads to innovation, lower prices, and improved quality of goods and services. In a competitive market, businesses must constantly strive to attract customers by offering better products or services at more attractive prices. This competition drives firms to become more efficient and innovative in order to stay ahead of their rivals. Furthermore, competition acts as a check on the power of individual firms. When a company becomes too dominant in the market, it can abuse its position by raising prices, reducing quality, or limiting choices for consumers. However, in a competitive marke...
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