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What is meant by the term 'market competition'?In: Business Plans |
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Market Competition
That means that others are putting pressure to keep the prices down. If two or more companies manufacture or sell similar products, both are motivated to keep the price down so that they can compete.
First answer by Redbeard. Last edit by Crystal. Contributor trust: 1454 [recommend contributor]. Question popularity: 69 [recommend question]
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