Competition Authority called upon to drive prosperity for all

Prof Totolo was guest speaker at the Competition Authority’s symposium held at Avani hotel earlier today. The BIUST leader emphasized the importance of  a well functioning market as this is where business happens, jobs are created and incomes and overall social welfare is improved. 

The academic  described the ideal business  environment as one that  embodies attributes of perfect competition such as  many buyers and sellers, free entry and exit, symmetric information and producing similar goods.