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There are numerous examples that can be seen in everyday life of competition in the marketplace. One just needs to take a short drive down a main road to see Dunkin Donuts and Starbucks within a short distance of each other each vying for their potential customers hard eared dollar for a cup of coffee.
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What is the purpose of competition?
To act as a regulating force in the marketplace
What are the laws that encourage competition in the marketplace called?
antitrust laws =)
Why is fair competition important in the private enterprise system?
Fair competition allows firms to compete in the marketplace, knowing that they won't be subjected to excessively aggressive practices that are designed to eliminate them.
How does the government's support of business start-upspromote competition in the marketplace?
Established businesses must make way for new ideas.
Why is restaurants a example of monopolistic competition?
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What is the purpose of competition?
To act as a regulating force in the marketplace
What are the laws that competition in the marketplace called?
antitrust laws =)
Which of these is the responsibility of the Federal Trade Commission?
regulating competition in the marketplace. -- A+
What is example of competition in the marketplace?
There are numerous examples that can be seen in everyday life of competition in the marketplace. One just needs to take a short drive down a main road to see Dunkin Donuts and Starbucks within a short distance of each other each vying for their potential customers hard eared dollar for a cup of coffee.
What are the laws that encourage competition in the marketplace called?
antitrust laws =)
How do conglomerates and vertical mergers differ from horizontal mergers?
the do not usually lessen competition in the marketplace
How do horizontal mergers vertical mergers and conglomerates differ?
the do not usually lessen competition in the marketplace
How do conglomerate and vertical mergers differ from horizontal mergers?
They do not usually lessen competition in the marketplace
What is an example of competition?
Footraces between humans are an excellent example of competition.
Is an example of competition?
Footraces between humans are an excellent example of competition.
What is example of competition in the taiga biome?
An example of competition is a group of squirrels eating a colony of beetles!!!! An example of competition is a red fox eating a squirrle.
Why is fair competition important in the private enterprise system?
Fair competition allows firms to compete in the marketplace, knowing that they won't be subjected to excessively aggressive practices that are designed to eliminate them.
