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CHAPTER 4 FIRM & MARKET - Coggle Diagram

- - - - No individual can influence the price & output of the industry
    - - An increase in the price would let the customer go to some other supplie
    - - Huge loss can free to leave
    - - The same price across the market & if transportation cost is added, the price may differ
    - - latest technology & prices
    - - Big producer &govern cannot control the demand, supply or price.