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<p>The Single Market encourages competition by removing barriers to trade between
EU members. An increase in competition can be expected to reduce prices and increase
choice for consumers, encourage firms to innovate, reallocate resources to more productive
means, and boost macroeconomic performance. The European Commission have estimated
that the competition and innovation impacts of the Internal Market Programme have
boosted EU GDP by over 2%<sup><sup>[1]</sup></sup>.</p><p> </p><br /><p>[1] European
Commission <em>Steps Towards a Deeper Integration: The Internal Market in the 21<sup>st</sup>
Century</em>, 2007</p><p> </p>
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