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26-05-2021
Business

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Eonomic profits result whenever only a few large competitors are active in a given market. discuss this statement

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economicsstudent2021 economicsstudent2021

26-05-2021

Answer:

Profits are a result of less competition.

Explanation:

The statement explains the possibility of profits when there are less competition in the market. Few large competition is the term used to define the less competition.

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