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25 November, 11:18

In 1 or 2 sentences, describe the effect of competition on prices of items being sold.

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  1. 25 November, 11:22
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    Competition has an impact on prices of items being sold such that when competition is high, prices can get lower. This is because you want to keep up with other players and present your items as the affordable kind. when competitiion is low, prices are higher because your demand is high
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