Competition

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Revision as of 09:31, 4 August 2018 by imported>Doug Williamson (Add public policy definition.)
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1.

The degrees of choice available to consumers and to other buyers in a market and of the rivalry between different suppliers in the market.


2.

The area of public policy and regulation established to promote greater choice and different suppliers, for the benefit of consumers and other buyers.

For example, through the work of competition authorities.


3.

Perfect competition.


See also