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The Institute of Chartered Accountants of India • 4m
It's better to optimize costs and maintain low margins than to price a product below its cost. If you sell at higher prices, customers may not remain loyal; they can easily switch to a competitor with lower prices. The idea of a monopoly market is more of a theory than reality, as there will always be competitors in a monopolistic market looking to take away your market share.
CHAIRMAN - BITEX IND... • 1y
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
See MoreWant to be young Ent... • 9m
"Market X" outlining five key strategies to maintain an algorithm within the top 5 rankings: 1. **Optimize Performance Metrics**: Continuously improve algorithm efficiency and accuracy. 2. **Monitor Competitor Trends**: Stay updated on competitors'
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