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Maslowich
4 years ago
10

Why is competition necessary in a free-market system?

History
1 answer:
Delicious77 [7]4 years ago
6 0
In economics, a free market<span> is an idealized </span>system<span> in which the prices for goods and services are determined by the open </span>market<span> and consumers, in which the laws and forces of supply and demand are </span>free<span> from any intervention by a government, price-setting monopoly, or other authority.</span>
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