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1.5.8 The dynamics of competition and competitive market processes
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Competition as a Dynamic Process

Competition as a Dynamic Process

Competition is a dynamic process of rivalry between firms over time. Firms compete by cutting costs, improving products, increasing quality, developing new technology and improving customer service, not only by lowering prices.

1.5.8 The dynamics of competition and competitive market processes Lesson

  1. A Level
  2. /Economics
  3. /1.5.8 The dynamics of competition and competitive market processes

Step-by-step lessons covering AQA A Level Economics 1.5.8 The dynamics of competition and competitive market processes for A Level Economics. Each lesson works through exam-style questions in Paper 1, Paper 2 and Paper 3 format. Start with the core supply-and-demand models before moving on to the more evaluation-heavy macroeconomic policy topics.