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Meaning of competitive market | Babel Free

Noun CEFR B2

Definitions

A market in which no single firm can influence the price of a good or service due to the competitive nature of other firms in the market.

CEFR level

B2

Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.

See also

competitive tendering Competitively Competitiveness competitivity Competitor Competitors