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RE: Imperfect Market Competition Structures in the Economics
It is sad we only have competition in small business as all large industries have merged into small groups. Those groups are owned by the same small shareholders that ask the managers to compete on management style (lower labor cost etc.) and not on price. Hence you have large companies never losing i.e., Coke and Pepsi existing for a hundred years and never knocked out by true competition.
Exactly, this is why the small firm can't compete with the large firms and bounds to leave the market. There is a solution though if they get protection from the government then it might be possible for them to survive. But unfortunately most of the time they don't get it.