Competition
This is an old revision of this page, as edited by Chris8490 (talk | contribs) at 20:59, May 23, 2007. It may differ significantly from current revision.
Competition is the efforts of multiple independent parties to achieve a common goal.
As an economic term, competition refers to the rivalry between firms to sell the goods or services they provide. Economists generally classify different levels of economic competition by the following models:
Perfect Competition Perfectly Contestable Market Monopolistic Competition Oligopoly Cartel Monopoly