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4. Netflix and Hulu, Coke and Pepsi… Why Is There So Much Market Competition?

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Have you ever noticed how many choices we have when it comes to the products we can buy? Pepsi or Coke? McDonalds or Burger King? When companies fight for our business, consumers like you and me win by having more options available to us.

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Key Terms 

  • Monopoly: A business that does not have any competition
  • Free Market: An economic system where people are allowed to freely cooperate and exchange goods without excessive regulation 
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