IDNStudy.com, ang iyong mapagkukunan ng mabilis at eksaktong mga sagot. Magtanong ng anumang bagay at makatanggap ng detalyadong sagot mula sa aming komunidad ng mga eksperto.

2 The products are all similar but slightly differentiated in terms of taste and flavors. Another such example is toothpaste.

Sagot :

✏️ QUESTION:

The products are all similar but slightly differentiated in terms of taste and flavors. Another such example is toothpaste.

✏️ ANSWER:

  • Monopolistic Competition

The products are similar but all sellers sell slightly differentiated products. For example, the market for cereals is a monopolistic competition. The products are all similar but slightly differentiated in terms of taste and flavours. Another such example is toothpaste.