The Competitive Environment 2.0 / 5 based on 1 rating ? BusinessA2/A-levelEdexcel Created by: sophie taylorCreated on: 25-11-12 21:20 The amount that people spend in shops is mostly determined by this Disposable income 1 of 6 This is where one business has complete control over it's market Monopoly 2 of 6 This is where a small number of large firms dominate a market and charge similar prices Oligopoly 3 of 6 If a supplier gains power in a market then they are able to charge .... Higher prices 4 of 6 This is where all firms compete on an equal basis Perfect competition 5 of 6 This is the strongest business in a particular market Dominant business 6 of 6
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