https://padlet.com/ashleyefesoa/e1i3uv4qlm8z Made with an open mind en-us 2016-11-02 17:40:08 UTC 2025-10-24 22:34:21 UTC hello@padlet.com ashleyefesoa https://padlet.com/ashleyefesoa/e1i3uv4qlm8z/wish/134874503 *  Product differentiation
*  Many Firms 
* Freedom of entry and exit
* Independent decision making
* Same degree of making power
* Lack of perfect knowledge]]> 2016-11-02 17:42:46 UTC https://padlet.com/ashleyefesoa/e1i3uv4qlm8z/wish/134874503 ashleyefesoa https://padlet.com/ashleyefesoa/e1i3uv4qlm8z/wish/134880405 They feature a great selection of high-quality merchandise, friendly service and of course everyday low prices. More than 1,000,000 products available online and in the innovative businesses that Walmart continues to develop, such as Music Downloads and 1-Hour Photos, which gives customers the convenience of ordering products online and picking them up at a local Walmart. We also have convenient hours (24 hours, 7 days a week)]]> 2016-11-02 17:55:46 UTC https://padlet.com/ashleyefesoa/e1i3uv4qlm8z/wish/134880405 ashleyefesoa https://padlet.com/ashleyefesoa/e1i3uv4qlm8z/wish/134881843 Advantages: 
* Products are way better than opponents
* Prices are reasonable 
*  Convenient hours

Disadvantages:
* They identical products as you, like everything is the same
* They always have a sale when you don't
* No one comes to your store cause of your price range
* The other company is closer to their homes and yours is farther away. ]]> 2016-11-02 17:58:23 UTC https://padlet.com/ashleyefesoa/e1i3uv4qlm8z/wish/134881843 ashleyefesoa https://padlet.com/ashleyefesoa/e1i3uv4qlm8z/wish/134882308 Monopolistic competition exists in industries that have many firms offering similar products or services: for example, restaurants, supermarkets and clothing stores. In monopolistic competitions, those similar products and services are not perfect substitutes for one another. Each company in a monopolistic competition can set the price it wants to charge because its product has no perfect substitute. Because firms need to distinguish their products, monopolistic competition leads to heavy marketing. Firms might lower prices to spur higher sales, or raise prices to suggest superior quality.

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