Competition and Ethics

School: University of New Orleans           Price: $10.00 USD

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A detailed homework paper on Competition and Ethics.

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University of New Orleans
Running head: DISCUSSION: COMPETITION AND ETHICSCompetition and EthicsNameCourseTutorInstitutionDate1DISCUSSION: COMPETITION AND ETHICS2According to Jennings (2012), competition is an essential element in the markets andover the years, it has become stiffer among businesses in the attempt of maximizing their profits.As a result, the need of having a fair and sustainable competition has risen. The following essaywill; first, outline why fair competition is important, ways to regulate competition and statewhether these regulations are ethical. Second, it will state other regulations that should beemployed by the government and businesses so as to promote fair competition. Lastly, it willexplain what are the societal views of infringement of and the costs of not honoring intellectualproperty rights from the consumers perspective and the business.Fair competition among businesses is based on the factors of price, quality, and service.Thus; it encourages enterprises, innovation, and efficiency and provides consumers with a widerange of choice while buying products. Moreover, it prevents the abuse of dominant positions inthe trade market consequently, foster
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