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2. Consider automobile (GM, Ford etc.) sector of Canada. Discuss how the firms in this industry are competing (type of competition). How the prices in

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2. Consider automobile (GM, Ford etc.) sector of Canada. Discuss how the firms in this industry are competing (type of competition). How the prices in this industry are determined? Conclude your answer by elaborating, effects of competition and price mechanism on society. (4+4+2=10 Points)

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