Topic Two: Market Structure.

How does market structure effect firms
competititve markets
productive effeiency
non price comp
barriers to entry
weak comp
market structure

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How Comp Effects Markets:

Competiton: is a powerful stimlus, have to work harder to attract customers

Competition can help to keep prices down

In a competitive market businesses cannot charge more than rivals- they wont do well!

businesses in comp markets have to control costs to make a profit!

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