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Two or more buyers and two or more sellers acting independently in a particular product market with the freedom to enter and leave the market best describes ______.
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Two or more buyers and two or more sellers acting independently in a particular product market with the freedom to enter and leave the market best describes ______.

User PiyushGoyal
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Answer:

Competition

Step-by-step explanation:

Competition occurs when there is two or more buyers or two or more sellers acted independently for a specific market having a freedom to enter or exit the market

So this represent the competition as the competition would arise only in the same industry or different industry who sells same kind of products

Therefore the given situation represent the competition

User Timeout
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