Economic consequences of competition among producers


What are the economic consequences of competition among producers? Workers? Traders (middlemen)? Customers?

Think about those industries that generally provide the widest product choices and best service and compare those with an industry (or organization) with which you are continually unimpressed. What explains the difference between the two industries?

The word limit for this assignment is 150 words.

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Microeconomics: Economic consequences of competition among producers
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