Unfortunately, in the real world, no business exists in a vacuum. Even if you corner the market with your groundbreaking innovation, imitators will be close behind.
But merely having competitors doesn’t make a thing awful. By finding your unique adv
Competition validates the market and is always good to have in a market.
0 replies1 like
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Types of market
1. Perfect Competition: Many buyers and sellers with identical products.
2. Monopoly: Single seller dominating the market.
3. Monopolistic Competition: Many sellers offering differentiated products.
4. Oligopoly: Few large firms
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