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From course:

Economics A Level (DONEEEEEEE)

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Question:

Why would Governments want to Encourage Competition in Markets?

Author: eric_galvao



Answer:

-PC Markets lead to Efficient Long Run Results, which is very nice for Exporting to other Nations and Domestic Demand -Governments want Firms to Produce Efficiently, Set Fair Prices to Consumers, Innovate and create Wider Ranges and allow New Production Processe


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