Question: Microsoft has integrated many components into its Windows operating systems, such as a web browser, media player, etc. How might this be an example of
Microsoft has integrated many components into its Windows operating systems, such as a web browser, media player, etc.
How might this be an example of non-price competition?
b. Convenience stores with gas stations tend to sell an essentially identical variety of products and services. Yet this is generally considered to be a monopolistically competitive industry selling differentiated products. How can this be considered a differentiated product?
c. When one automaker begins offering low cost financing or rebates, others tend to do the same. What might be the reason of such behavior?
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