Marketing
Marketing
14th Edition
ISBN: 9781259924040
Author: Roger A. Kerin, Steven W. Hartley
Publisher: McGraw-Hill Education
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Chapter 13.2, Problem 13.5LR
Summary Introduction

To discuss: In what manner the kind of competitive market affects in setting price.

Introduction:

Competitive market tries to satisfy the needs and demands of more number of consumers. In this market, there is no market leader or the producer cannot determine the market operations. Competitive market is formed under few conditions and they are profit motive, diminish ability of goods, rivalry and so on.

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