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In pure competition, producers compete exclusively on the basis of price. advertising. product features. image.

Tara Andrews

in Social studies

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Alexa Spicer on March 13, 2018

The answer that best fits the blank space above is the term PRICE. In pure competition, price is the basis of competition between the producers. The price is the first thing that is often seen in competition because this is also what consumers are looking for in the first place. Then, the advertising, the characteristics of the product and the image just have to keep going.


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