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Economic system

Economic system

Assessment

Presentation

Business

12th Grade

Practice Problem

Hard

Created by

ROLA FELIX

FREE Resource

4 Slides • 2 Questions

1






ECONOMIC SYSTEMS

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2

Understanding Competition in Markets

Learning Objectives

Students will understand the role of competition in markets and how it affects prices, costs, and output levels.

3

Introduction to Competition:

Exploring Competition in Markets

  • Define competition in the context of markets.

  • Explain the significance of competition in driving economic activities.!

4

Multiple Choice

Question image

Competition in markets is characterized by

1
Collaboration among sellers
2
Monopoly control
3
Perfect competition
4
Rivalry among sellers

5

Fill in the Blank

Competition in markets is a dynamic process involving

,






ECONOMIC SYSTEMS

media

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