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How does a lack of competition affect prices and output?

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Question;Competition in marketAfter reading chapters 5 and 6 and Special Topic 5, write a 2-page paper describing the importance of competition in marketHow does a lack of competition affect prices and output?Describe what the role of government is in market vis-a-vis firms in the market.

 

Paper#56539 | Written in 18-Jul-2015

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