Monopolistic competition - sample question

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Reference no: EM1370590

Monopolistic Competition :sample question

Businesses selected: Laundry Detergent.

Assume the business operates in market where the nature of competition is described as "monopolistic competition".

Identify the factors of production (economic resources including natural, human and financial resources), and for each factor of production give an example of what might be needed to operate that business;

And explain how that factor could be used to give the business a competitive advantage.

Reference no: EM1370590

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