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FrançaisA market situation where a large number of suppliers have equal opportunity to offer comparable goods or services to a large number of buyers. It is the opposite to oligopoly. Also called pure competition.
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A bond which guarantees proper fulfillment of the terms of a contract. In practice, the beneficiary of the bond (usually the buyer or services and/or goods), will claim financial restitution under the bond if the principal (supplier of the services…
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