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2.5.1 Why producers compete
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What is competition?

What is competition?

Competition is rivalry between producers in the same market, with each firm trying to win customers from its rivals. A customer can choose between sellers, so a firm risks losing a sale if another producer offers a better deal.

2.5.1 Why producers compete Lesson

  1. GCSE
  2. /Economics
  3. /2.5.1 Why producers compete

Step-by-step lessons on OCR GCSE Economics 2.5.1 Why producers compete. Each one builds up to exam-style questions. Build a solid grasp of supply and demand and cost/revenue calculations before tackling the evaluation-heavy policy topics.

Lessons