"The presence of a competitor is always beneficial to a company. Competition forces a company to change itself in ways that improve its practices."Discuss the extent to which you agree or disagree with the opinion stated above. Support your views with r

The statement points out that it is always beneficial to a company whenever there is a competitor in that a company has to make improvement in its practices in competition. In my view, I can't agree with the statement any more.

In the first place, it is well-known that competition can motivate companies people and society to make progress . In economic, we know a perfect competion in market results in the pareto efficiency that means both consumers and producers maximaze their own surplus. No one get hurt or lose interests in the pareto effic...