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Price Competition
Involves businesses competing primarily on the price of their products or services, usually leading to lower prices for consumers.
Market Share
The percentage of total sales volume in a market captured by a brand, product, or company.
Higher Profits
An increase in the financial surplus after accounting for all costs, demonstrating an enhanced ability to generate income.
Unit Costs
The cost incurred to produce, store, and sell one unit of a product, crucial for pricing and profitability analyses.
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