Competition and Market Structures - Econlib
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Competition and Market Structures - Econlib
Definitions and Basics Competition, from the Concise Encyclopedia of Economics “Competition,” wrote Samuel Johnson, “is the act of endeavoring to gain what another endeavors to gain at the same time.” We are all familiar with competition—from childhood games, from sporting contests, from trying to get ahead in our jobs. But our ...
Aug 16, 2021
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