Invalidating a competitive process

Competition is generally accepted as a necessary condition for the coordination of disparate individuals interests via the market process.

The greater selection typically causes lower prices for the products, compared to what the price would be if there was no competition (monopoly) or little competition (oligopoly).Optimal strategies to achieve goals are studied in the branch of mathematics known as game theory.Competition is also a major tenet of market economies and business.In any market, many firms sell the same or very similar products, and according to classical economics, the price for these products should, in theory, already be at an equilibrium (or at least at a local equilibrium).Therefore, by setting the same price as its competitors, a newly-launched firm can avoid the trial and error costs of the price-setting process.If you go to your competition then the Winners tab you will have the option to start drawing winners.

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