Consumers will substitute a rival's product.
Consumers will substitute with a rival's product.
Consumers will substitute with a rival's product.
In a monopoly, the monopolist company is the only product in the market place. However, a company competing in a monopolistically competitive market has multiple "similar" competitors that all try and differentiate themselves with specialized or additional services; i.e. the Italian restaurant serving food only from northern Italy. These companies may be a monopoly in the sense that their niche product is one-of-a-kind, but there are substitute products that can replace them if their price becomes too high to the consumer. As a result, the firm in a monopolistically competitive has a more elastic demand than a true monopolist.
You must be a fairly recent product of American public schools. This "question" is written so poorly that what you are asking cannot be ascertained.
the marginal products of sucessive workers can be sold at a constant price
Consumers will substitute with a rival's product.
Consumers will substitute with a rival's product.
Consumers will substitute with a rival's product.
Consumers will substitute with a rival's product.
In a monopoly, the monopolist company is the only product in the market place. However, a company competing in a monopolistically competitive market has multiple "similar" competitors that all try and differentiate themselves with specialized or additional services; i.e. the Italian restaurant serving food only from northern Italy. These companies may be a monopoly in the sense that their niche product is one-of-a-kind, but there are substitute products that can replace them if their price becomes too high to the consumer. As a result, the firm in a monopolistically competitive has a more elastic demand than a true monopolist.
You must be a fairly recent product of American public schools. This "question" is written so poorly that what you are asking cannot be ascertained.
competitive advertising means which reflects the market maturity of the product and the need for the company to show product superiority through comparison to competitors
excessive storage
Non-price competition refers to competition among firms that choose to distinguish their product via non-price means. EX: style, delivery, location, atmosphere, promotions, etc. Non-price competition is often used by firms that wish to differentiate between virtually identical products (dry-cleaners, food products, cigarettes, etc). Although any firm can use non-price competition, it is most common among monopolistically competitive firms. The reason for this is that firms which operate in the monopolistically competitive market are price takers, that is, they simply do not have enough market power to influence or change the price of their good. Consequently, in order to distinguish themselves, they must use non-price means.
the marginal products of sucessive workers can be sold at a constant price
excessive storage
the companies differentiate and position their products as a competitive advantage through products,product packing,pricing,after sales services.