Competition provides benefits for consumers. First, more competition means consumers have more choices of goods and services. Second, when more firms are offering goods and services, competition often leads to lower prices.
The Federal Trade Commission’s Bureau of Competition champions the rights of American consumers by promoting and protecting free and vigorous competition. The Bureau:
Quoted from FTC. Read more about the FTC and Competition on their website- http://www.ftc.gov/bc/index.shtml