describe and discuss the busines customs and practices that exist in USA. The following questions are typically important in such a discussion - What role do ethics, corruption, and respect of law play? How are environmental concems and human rights issues addressed?

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Imperfect Competition

Imperfect competition is relatively easier to understand once people have the knowledge of perfect competition. When the five conditions of perfect competition are not made, that market structure is said to be imperfect competition.