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Markets Competition Monopoly - Coggle Diagram
Markets Competition Monopoly
prices determine
how
who
what
for whom
Perfect market
one price
the highest (c)
the lowest (p)
easy communications
competition
unrestricked
free
competition
consumer
lowest price
best goods
producer
highest profits
prices
fluctuate
affected by (s;d)
basic resources
labour
land
capital
monopoly
one seller
kinds
legal
natural
anti-trust laws
takeovers
acquistions
mergers
arrangement
Supply
quantity of product
transaction
C. prices
most value
least cost