1. Discuss the main factors tending to intensify competition in the global economy. Are there any countervailing forces tending to undermine competition? 2. Consider an industry with which you are...

1. Discuss the main factors tending to intensify competition in the global economy. Are there any countervailing forces tending to undermine competition?

2. Consider an industry with which you are familiar. How would you assess the degree of competition in that market? Is the market becoming more or less open to competition? What are the consequences of this for economic efficiency?