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That means that others are putting pressure to keep the prices down. If two or more companies manufacture or sell similar products, both are motivated to keep the price down so that they can compete.

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โˆ™ 2006-06-16 18:09:24
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Q: What is meant by the term 'market competition'?
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Related questions

What is meant by perfect knowledge of the market in the perfect competition?

Perfect knowledge means that the customers know the past, present and the future status of the market.


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What are the types of competition in the market?

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What did monopolies and trusts reduce during the late 1800'S?

Monopolies limited competition in a certain market. Limited competition meant that the company could choose any price they wanted.


What is meant by the term a competitive market?

there are many producers selling the same products at similar prices.


What is the market structure with the most competition?

Perfect Competition


What business model creates a market structure that most closely approximates a market structure of pure competition?

The business model that creates a market structure that closely resembles pure competition is a monopolistic competition. Pure competition is also called perfect competition.


Types of Market Competition?

Perfect Competition, Monopoly, Monopolistic Competition or Oligopoly


Compare and contrast perfect competition and monopolistic competition?

Perfect competition exists when there are many players in the market and no seller has a greater advantage that he has all the market to himself. Monopolistic competition has the market skewed to favor one person who takes up most or all of the market share.


What is Pure Competition in Marketing?

Pure Competition is a market situation where there is a large number of independent sellers offering identical products.Pure competition is a term for an industry where competition isstagnant and relatively non competitive. Companies within the pure competition category have little control of price or distribution of product. Advertising, market research, and product development play a very little role in these companies/industries.


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What was a goal of southerners in the annexation of Texas?

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What is meant by oligopoly market structure?

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Does perfect competition market exist in the market world?

Check


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The market concentration ratio for perfect competition is Low (Less than 40%).


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The following statement best describes the relationship between competition and a free market system: Competition increases within a free market system.


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What is a sentence using the term market value?

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