Ch 8 1/1Versión en línea ECONOMICS por Wylie York 1 Group 1 2 Group 2 3 Group 3 4 Group 4 5 Group 5 6 Group 6 producers and sellers of similar Gs or Ss trying to get consumers to buy their product Competition A business that has no competition; it produces a unique product or service Monopoly An industry with a large number of Bs and Ss for the same product Perfect Competition monopolies that provide vital services such as electricity, natural gas, water Utility Companies Written guarantees that products or services do what they are supposed to do Warranties Competition forces businesses to do this To sell goods and services that consumers want
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