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Market competition ends when there is no buyer-versus-buyer competition and no seller-versus-seller competition. This is an equilibrium. An equilibrium is a. good for everyone b.
Market competition ends when there is no buyer-versus-buyer competition and no seller-versus-seller competition. This is an equilibrium. An equilibrium is a. good for everyone b. bad for everyone c. simply a fact regardless of whether buyers or seller like or dislike it d. fair for both buyers and sellers e. a normative concept with positive benefit for all
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