Source: Rhonda Garrison, SOUTHERN FARM  NETWORK, 9/22/17


Mary:  This is Mary Walden with economist MW, welcoming you to the economic perspective.  Today’s program looks at competition from a new firm.   Mike, economists have concluded that competition is good for buyers but tough for sellers.  So when a new firm comes to town, buyers likely should clap but existing businesses should get ready to react.  How do these impacts usually play out?

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