A note from Daniel

Competition is the default state of the market. It's the Darwinian struggle where many firms vie for the same customers and resources. In a competitive market, no one firm has the power to set prices or dictate terms. They're price takers, not price makers. They survive by being efficient, delivering value, and innovating.

Daniel The Great Mental Models, Volume 4, page 146 · December 24, 2024 Save to shelf
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