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So, of course, intense competition leads to trade-offs".
The reduced sense of competition leads the banks to charge consumers more.
Where competition leads to more risk-taking, the correct response is to monitor banks more closely.
Usually, I prefer to make the exchange in an urban area, where competition leads to better rates and lower commissions.
In short: competition leads not to better deals for consumers but to higher costs for rivals.Choice suffers, too.
The Czech Republic, a perennial contender in the competition, leads a weak Italian team 2-0 wins wins by Radek Stepanek and Tomas Berdych.
Free trade benefits all parties, according to Smith, because competition leads to the production of more and better goods at lower prices.
A new code of conduct hands programme rights to independent producers from broadcasters, which, together with the BBC "Window of Creative Competition", leads to a five-year boom in business.
While the broader reach of Publicis will theoretically make its units more formidable, he added, "any instability among the competition leads the others to circle above looking for talent and clients to steal".
The administration is likely to come under intensifying political pressure on the issue from exporters and other business groups in coming months, especially if reduced demand from abroad and intensifying global competition leads to a surge in layoffs.
That more competition leads to lower prices is basic economics, but the complacency in Washington about this monopolistic (or, at best, duopolistic) situation is long-standing and, until last week, seemed unlikely to shift.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com