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Earn +20 ptsQ: What is the difference between the situation where competition and producers exists?
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Which describes a situation where competition between producers exist?
two or more producers are trying to sell the same good or service to the same consumers
Is there competition between the producers in Canada?
Yes, Canada is a mixed economy. Thus there is going to be some degree of competition among "producers."
What are market structures that are characterized by at least some competition between producers?
A. Pure competition D. Monopolistic competition E. Oligopoly
Which are market structures that are characterized by at least some competition between producers?
A. Pure competition D. Monopolistic competition E. Oligopoly
What are some market structures that are characterized by at least some competition between producers?
A. Pure competition D. Monopolistic competition E. Oligopoly
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