Question: Explain the difference between competition in the market and competition for the market. What impact does each kind of competition have on prices and output

Explain the difference between competition “in the market” and competition “for the market.” What impact does each kind of competition have on prices and output in a market? Is one better than the other? How does the distinction make the application of antitrust laws more complicated?

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For network goods there will be one standard so firms compete to be the standardthis is competition ... View full answer

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