As a result of product differentiation, a firm in a monopolistically competitive market:
举一反三
- In a monopolistically competitive market, product differentiation ensures that in the long run:
- The demand for a product of a monopolistically competitive firm is:
- The competitive advantage can be reflected in four aspects: product differentiation, service differentiation, staff differentiation and differentiation.
- Which<br/>of the following conditions does NOT describe a firm in a<br/>monopolistically competitive market? ( ) A: It<br/>makes a product different from its competitors. B: It<br/>takes its price as given by market conditions. C: It<br/>maximizes profit both in the short run and in the long run. D: It<br/>has the freedom to enter or exit in the long run.
- New technology:( ) A: seldom contributes to competitive advantage or operational<br/>efficiency. B: seldom enables competitive advantage from product/service<br/>differentiation at lower cost. C: frequently enables competitive advantage from product/service<br/>differentiation at lower cost. D: frequently enables competitive advantage from product/service<br/>differentiation, but typically at a higher cost. E: frequently enables operational efficiencies, but seldom enables<br/>competitive advantage.