Competition
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Description
The film shows a competitive situation with several vendors. As a result, vendors must consider the offer of fellow competitors when setting their prices. The providers are not free to set the prices they wish; prices are influenced by consumers’ purchasing behavior.
More Episodes
This two-minute film of the School of Business FHNW tells the story of money from barter to commodity money and coinage right up to banknotes.
Published 07/05/11
The film shows how prices develop from the interaction between buyers and sellers using a specific sales situation similar to those which arise in a market economy. The film is suitable for use in the classroom.
Published 07/05/11
Published 07/05/11