WHEN BUSINESSES CAN PROMOTE DIFFERENT FEATURES OF THEIR PRODUCTS A...

75. - TEST BANK FOR BUSINESS A CHANGING WORLD 5TH CANADIAN EDITION BY FERRELL
TEST BANK FOR BUSINESS A CHANGING WORLD 5TH CANADIAN EDITION BY FERRELL
75. When businesses can promote different features of their products and consumers are willing to pay more for products containing the features they desire, the competitive environment is probablypure competition.→ monopolistic competition.oligopoly.monopoly.pure capitalism.Consumers value some features more than others and are often willing to pay higher prices for the feature they want. Accessibility: Keyboard NavigationBloom's: KnowledgeDifficulty: EasyLearning Objective: 01-04 Describe the role of supply; Multiple Choice Question demand; and competition in a free-enterprise system.