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Q: Why is a highly competitive market preferred by economists?
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how to maintain their sales in a highly competitive market


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what is preferred in a market. a mass or wieght?


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Keynesian economics is free market


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Good or service that can be sold in profitable quantities (within a certain market) on the basis of its price, quality, and service combination preferred by buyers over that offered by competing products.


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There is no such thing as a perfectly competitive market. It is merely a economic model to compare other market structures to. Cigarette market is more likely a oligopoly.


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As of July 2014, the market cap for Preferred Bank (PFBC) is $293,839,930.24.


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By Market Force


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A competitive market is one that has multiple buyers and sellers. This means there is no single vendor or consumer who has absolute control over the price in the market. In such a market, businesses openly compete for market share.


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Adam Smith is associated with a market economy.