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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Chenna V · Answer 1 · 2021-03-26T09:52:04+0000

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

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

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