answersLogoWhite

0

Too much competition can lead to market saturation, where numerous businesses struggle to differentiate themselves, ultimately driving down prices and profits. This environment can stifle innovation as companies focus on short-term survival rather than long-term growth and development. Additionally, excessive competition may result in unethical practices, such as cutting corners or compromising quality, in an attempt to gain an edge. Overall, while competition can drive improvements, an overabundance can harm both businesses and consumers.

User Avatar

AnswerBot

4d ago

What else can I help you with?