Results for: To_what_extent_does_competition_affect_the_marketplace_What_could_happen_to_consumers_and_the_marketplace_if_competition_were_removed

Define free enterprize?

Free enterprise means competition between companies in a fair and competitive marketplace. Free enterprise was dealt a crushing blow in the United States when anti-trust legislation was abolished during the Reagan presidency, thus allowing huge mega-corporations to eliminate competition by… Full Answer

What is the definition of a competitive market?

A competitive market is defined as a marketplace where there are a lot of producers of similar products. The more choice there is for products the more likely that price competition will exist and keep prices in check

What is meant by oligopoly market structure?

An oligopoly is an intermediate market structure between the extremes of perfect competition and monopoly. Oligopoly firms might compete (noncooperative oligopoly) or cooperate (cooperative oligopoly) in the Marketplace.