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24 May, 00:23

If your company has a lot of competitors what does that do to your demand?

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  1. 24 May, 00:41
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    Decreases demand.

    Explanation:

    If there are a lot of competitors, there will be less demand for each individual company's product. For example, if you own the only restaurant in town everyone will come to eat there. However if there are 100 restaurants (increased competition) then fewer people will come to your place because they have so many other choices.
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