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Economics Ticket #1

Name:

________________

Date: 1/15/12
Day: Tuesday

Chapter 8- Market Structures


1. State two reasons why companies compete with each other. (2
marks)

2. Differentiate between penetration pricing and market skimming.


(2 marks)

3. Do you think competition is bad or good for the consumer?


Explain your answer. (3 marks)

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