The firms progress in this race of competition. However, competition has been observed to be unethical at times. Firms resort to the most down trodden ways and methods to knock out their competitors. For example, the telecommunications industry today is highly competitive. Each firm knows what it needs to sell. From advertisements to deals and offers, everything by each of the firms, is highly organized and planned. However, these firms have a factor of unhealthy competition existing between them. Instead of welcoming the competition and struggling harder, they prefer demeaning their competitors through aggressive advertisements. The media has been a large shareholder of the unethical competition that firms receive. However, it cannot be criticized too much since it is also a source of healthy competition. As long as the telecommunications industry is concerned, competition cannot be avoided since a lot of profits lie with these firms. These extra profits attract new firms.
The food industry has long been a competitive market. There are lots of firms making cereals but cornflakes have been a trademark of Kellogg’s alone. This is purely due to healthy competition. If this competition was controlled and other firms were disallowed from entering the cereal market, maybe Kellogg’s products wouldn’t have been this flawless (Dranove, David). Maybe it would have sit back and enjoyed its monopoly and never even tried the flavored cornflakes and those with resins and nuts. It is just competition that keeps on driving the firms to experiment. Thus competition is needed for the firm to grow. As far as the question of whether competition can be controlled is concerned, it is pretty simple to answer that in the food industry. As long as there would be demand for food, which there would be forever, there would be providers of food. As long as the providers will gain, new providers will continue to enter the market and thus there would be no way to control ...
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