what role does competition play in international trade? it results in higher prices. it discourages imports…

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.

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.

Answer

Brief Explanations:

In international trade, competition among producers and exporters forces them to offer better - priced goods to gain market share. This benefits consumers as they can access products at lower prices. Higher prices are not a result of competition. Competition doesn't discourage imports; rather, it can increase import options. And competition doesn't eliminate the need for investment as firms need to invest to stay competitive.

Answer:

It drives down prices for consumers.