Question
in a competitive market, several different companies provide essentially the same goods and services to consumers. If you're in the market for a new vehicle,
in a competitive market, several different companies provide essentially the same goods and services to consumers. If you're in the market for a new vehicle, for instance, you may pick from a wide variety of manufacturers. Competition among businesses is essential for survival.
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Microeconomics Principles, Problems and Policies
Authors: Campbell R. McConnell, Stanley L. Brue, Sean Masaki Flynn
20th edition
978-0077660819, 77660811, 978-1259450242
