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Unit 7B: Explain how changes in the level of competition can affect price and output levels.

Unit 7B: Explain how changes in the level of competition can affect price and output levels. . MARKET BASICS: Four Conditions for Perfect Competition- 1: Efficient market 2: Price and production are low. A: Market- a place where goods and services are bought and sold.

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Output air travel - PowerPoint PPT Presentation

Unit 7B: Explain how changes in the level of competition can affect price and output levels.