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Importance of competition in markets

Assignment:

The Importance of Competition

After reading and Special Topic 5, write a 2-page paper describing the importance of competition in markets. How does a lack of competition affect prices and output? Describe what the role of government is in markets vis-a-vis firms in the market.

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Microeconomics: Importance of competition in markets

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Microeconomics: Importance of competition in markets

Reference No:- TGS03044019

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