two or more producers are trying to sell the same goods and service to the same consumers
two or more producers are trying to sell the same good or service to the same consumers
Yes, Canada is a mixed economy. Thus there is going to be some degree of competition among "producers."
A. Pure competition D. Monopolistic competition E. Oligopoly
A. Pure competition D. Monopolistic competition E. Oligopoly
A. Pure competition D. Monopolistic competition E. Oligopoly
two or more producers are trying to sell the same good or service to the same consumers
yes
Yes, Canada is a mixed economy. Thus there is going to be some degree of competition among "producers."
A. Pure competition D. Monopolistic competition E. Oligopoly
A. Pure competition D. Monopolistic competition E. Oligopoly
A. Pure competition D. Monopolistic competition E. Oligopoly
Competition between producers exists when multiple companies or individuals offer similar products or services in the same market, striving to attract customers. This scenario often leads to price reductions, improved quality, and innovation as producers seek to differentiate themselves. An example is the smartphone market, where various brands compete to provide the latest features and designs to capture consumer interest. Ultimately, this competition benefits consumers by providing more choices and better value.
Producers=algae
Im guessing you mean the difference between producers and consumers. Producers make a product or give a service, and consumers purchase, a service or product.
the difference between perfect and imperfect oligopoly
Product differentiation
What is the difference between perfect competition and pure monopoly