https://padlet.com/201500788/j2yqyp1g6cke Alicia, Maddison, Jared en-us 2018-09-04 15:34:23 UTC 2026-01-14 21:40:14 UTC hello@padlet.com 200413897 https://padlet.com/201500788/j2yqyp1g6cke/wish/277617442 Competition tends to increase supply, while a lack of competition tends to decrease supply.]]> 2018-09-04 15:45:18 UTC https://padlet.com/201500788/j2yqyp1g6cke/wish/277617442 201500788 https://padlet.com/201500788/j2yqyp1g6cke/wish/277619745 More people would prefer a XBOX because they have a higher value in profits being $30 billion vs where a PS4 profit is $82.2 million. ]]> 2018-09-04 15:49:44 UTC https://padlet.com/201500788/j2yqyp1g6cke/wish/277619745 200413014 https://padlet.com/201500788/j2yqyp1g6cke/wish/277621925 2018-09-04 15:52:58 UTC https://padlet.com/201500788/j2yqyp1g6cke/wish/277621925 200413897 https://padlet.com/201500788/j2yqyp1g6cke/wish/277622358 Competition is a rivalry  between two products and out of those two products who makes the most money. Suppliers can always leave as well as enter the market. Some companies might not sell all their  products and would lose profit, while other companies would sell more products and exceed their profit. If companies lose profit they are more likely to leave the market. If one competitor raises their price for a certain product , people would buy less of that item and the demand might decrease for that one item.]]> 2018-09-04 15:53:46 UTC https://padlet.com/201500788/j2yqyp1g6cke/wish/277622358 201500788 https://padlet.com/201500788/j2yqyp1g6cke/wish/277628729 People would rather choose Fortnite over 2K18 because its a newer game and made a higher profit in less than a year compared to the 2K18 profit in a year. Fortnite made $300 million in April and 2K18 made $430 in a whole year. ]]> 2018-09-04 16:07:12 UTC https://padlet.com/201500788/j2yqyp1g6cke/wish/277628729 200413014 https://padlet.com/201500788/j2yqyp1g6cke/wish/277630017 2018-09-04 16:09:55 UTC https://padlet.com/201500788/j2yqyp1g6cke/wish/277630017 200413014 https://padlet.com/201500788/j2yqyp1g6cke/wish/277630986 2018-09-04 16:11:43 UTC https://padlet.com/201500788/j2yqyp1g6cke/wish/277630986