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Good day to you all.
Market competition is a scenario where different firms struggle to obtain limited goods.
It coukd be a business environment where different firms are located and have to compete with each other bases on the quality and quantity of their products.
Types of market competition
Direct Market competition
Indirect Market competition
Replacement Market competition
These are the three common types os market competition we have.
Thanks for watching.
All images are souced from pixabay
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