Competition, market structure

Abstract

Competition - there is a rivalry of market participants for the best conditions of purchase and sale and production. The most competitive product is not the one for which the minimum price is asked on the market, but the one whose consumption price is minimal over its entire service life. The research was conducted on the basis of the topic Competition market structure. The purpose of the study is to identify exactly what competition is and what functions it performs. What will give us knowledge on the topic of competition. In the course of the study, all the functions that correspond to the competition were affected.