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Workable competition refers to a market structure that, while not perfectly competitive, allows for sufficient competition to ensure that prices and output levels are close to those found in a perfectly competitive market. It implies the presence of many firms, ease of entry and exit, and some degree of product differentiation. This concept emphasizes that competition can still be effective in regulating markets even if conditions deviate from the ideal of perfect competition. Ultimately, workable competition aims to achieve efficiency and consumer welfare without necessitating the stringent conditions of perfect competition.
What else can I help you with?
What are the four types of competition in marketing channel?
Horizontal competition, Inter-type competition, vertical competition, channel system competition
When does competition happen?
when does a competition happen
Why competition is bad?
Competition is bad because it lowers your self esteem. without competition there are no losers and no winners but with competition there are winners but there are also losers.
Is competition unethical?
unethical competition in business?
What are the four degrees of competition that exist in a capitalistic economy?
The four degrees of competition that exist in a capitalistic economy are: perfect competition, monopolistic competition, oligopoly, and monopoly.
Sentence with the word workable?
i was a workable child
What fueled the competition for the land in America?
The land in america was abundant with materials, gold, and workable land. Accompanied this was the potential of colonies as well as slaves. Hope this helped.
When was Workable FC created?
Workable FC was created in 2007.
Why democracy is not workable in undeveloped societies?
Why democracy is not workable in undeveloped societies?
What rhymes with workable?
Orange.
What does impratical mean?
Not workable, and not Particaple.
How do you use 'workable' in a sentences?
give the answer
Is workable a noun?
No, it is an adjective or adverb.
Can you oil paint over workable fixative that has been sprayed over charcoal?
Yes, you can. Use workable fixative or retouch varnish.
Who built first workable steamboat?
William Henry
What positive words begin with the letter W?
Wonderful,workable
Who developed the first workable periodic table?
Dmitri Mendeleev in 1869
