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Competition is the efforts of multiple independent parties to achieve a common goal.  

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]] and [[Monopoly]].

As an [[economic]] term, competition refers to the rivalry between firms to sell the [[goods]] or services they provide.  [[Economist]]s generally classify different levels of economic competition by the following models: [[Perfect Competition]], [[Perfectly Contestable Market]], [[Monopolistic Competition]], [[Oligopoly]], [[Cartel]] and [[Monopoly]].

[[Category:Economics]]

[[Category:Economics]]