I want to know the answer to the following question:
What happens in a market when there is competition?
All the background I'm provided with is that "The opening passage of the "Wealth" containing Smith's message is never mentioned as it cannot be integrated into modern theory: "Wealth" depends on the division of labour which changes with market volume and on the proportion of productive to Unproductive labor.". Is that enough to answer the question?
Answer: no