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Recognize three types of competition that most firms

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(a) Identify three types of competition that most firms encounter other than competition from other firms in their industry in their home country. (b) Is it good for the economy to have more competitive markets? Explain. (c) If government industry regulators underestimate the degree of competition in an industry are they likely to over-regulate the industry? Explain.

Reference no: EM13392604

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