Explain how an increase in market competition may impact price and output of goods and Services?

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asked Mar 20, 2021 173k views

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Explain how an increase in market competition may impact price and output of goods and Services?

Business
college

John Strood asked

by John Strood

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increase in competition might bring price fluctuation since if one competitor increase the price the other one might decrease in order to take advantage

Chenna V answered Mar 26, 2021

by Chenna V

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