2. State the result of competition among workers.
3. Why is there a difference in prices between a wholesale and a retail market?
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2.Competition among workers has both negative and positive results. Increased productivity. Workers tend to overwork themselves in order to win the others. This works so well especially if the turn around will be good and the quality of the work is not compromised.
3.Retail price and wholesale price are interrelated, but wholesale price is only available to business customers willing to purchase large amounts in exchange for the lower pricing.
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