what role does competition play in international trade?\no it results in higher prices.\no it discourages…
what role does competition play in international trade?\no it results in higher prices.\no it discourages imports.\no it drives down prices for consumers.\no it does away with the need for investment.
Answer
Answer:
It drives down prices for consumers.
Brief Explanations:
In international trade, competition among producers and exporters leads to more choices for consumers. To gain market - share, firms lower prices, thus driving down prices for consumers.