In the long run, interconnection creates a more competitive environment that in turn leads firms to cut costs.

Name: In the long run, interconnection creates a more competitive environment that in turn leads firms to cut costs.
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Interconnection, by increasing the number of competitors in a market, fosters a more competitive environment. This competition pressures firms to reduce their costs in order to maintain or improve their market position by offering lower prices or better value to consumers.

In the Long Run, Interconnection Creates a More Competitive Environment