Competition may be viewed as a situation in which firms or sellers operate independently or otherwise in a market for the patronage of buyers or consumers in order to achieve a particular objective. It is often equated with rivalry in terms of price, quantity or quality of a product or service, or a combination of them and is considered to be an important process by which firms are forced to become efficient and there are greater choices of goods and services for consumers.

Critically analyse the relevance of this statement with respect to one (1) market structure of your choice