COMPETITION in ATM MARKETS Form

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In a market, humans with unlimited wants  often meet sellers with limited supplies.   In such a place, competition is usually  a force of good. It leads to more choice,   increases the quality of products on offer and  reduces their prices. If competition is absent,   monopolies can form. And that's a problem. Adam Smith, the father of modern economics,   defined competition as “allocating productive  resources to their most highly valued uses.” For sellers, the money they receive when  they sell is more productive than their   product. For buyers, the produce they  get is more productive than their money. When a deal is done, neither party may  be entirely happy with the agreed price,   but at the end both feel better off. In a competitive market, those who want  something the most, end up getting it. Competition takes various forms,  as the following story illustrates. One dealer in a market decides to bring  in bananas to be the first to sell them.  He is