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Nitella [24]
3 years ago
9

Competition happens when two or more businesses

Business
1 answer:
g100num [7]3 years ago
5 0

Answer:

fight for the same benefit or gain

Explanation:

For example, if there are two firms in an industry. The goal of the two firms would be to maximise profit. To achieve this, the two firms would engage in various competitions in order to attract customers.

For example, they may differentiate their products or give discounts in order to attract customers and so increase profits

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