At illustrate what point should a industry walk away

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Reference no: EM1393733

Q. "Theoretically, the market is an automatic, competitive, self-regulating mechanism which provides for the maximum consumer welfare also which best regulates the use of the factors of production." Explain.

Q. At illustrate what point should a industry walk away from the business? Should a industry always strive to win every bid also avoid losing business? 

Reference no: EM1393733

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