Question

what role does competition play in international trade? it results in higher prices. it discourages imports. it drives down prices for consumers. it does away with the need for investment.

Explanation:

In international trade, competition among producers and exporters forces them to be more efficient. To gain market - share, they reduce costs and lower prices for consumers. Higher prices are not a result of competition but rather a lack thereof. Competition doesn't discourage imports; in fact, it can encourage more imports as consumers seek better - priced goods. And competition doesn't eliminate the need for investment; rather, it may require more investment to stay competitive.

Answer:

It drives down prices for consumers.