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5 February, 12:50

Why do firms try to avoid competition

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  1. 5 February, 15:34
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    Firms try to avoid competition so that they can set higher profits and earn greater profits. With more competition, they have to competitively price their products.
  2. 5 February, 15:34
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    Having other firms would lead to competition and constantly needing to have a lower prices and better service then the other firm. If only one firm is around it lets them charge higher prices and not compete to treat their costumers better.
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