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Imperfect competition describes a market in which the conditions that characterize a perfect competition are not present. To understand imperfect competition you must first understand economics of it and each aspect it entails; the production, distribution and consumption of products and services. With that said, an imperfect competition…

In an article on CNBC, hedge fund manager Renee Haugerud said she expects the price of many types of consumer goods to skyrocket in the coming months. Everything from toothpaste to aspirin to ice cream will see an increase she said. And it’s all due to one thing:…