Answer:
When firms are unable to differentiate their products
Explanation:
Direct competition is also known as perfect competition which occurs when two or more firms produce and sell the commodities that are not in anyway different. This makes the buyers not have preference for any of the product as the commodities are largely the same.
However, when firms can differentiate their products, they now more in perfect competition but now in indirect competition or monopolistically competitive market. Indirect competition therefore occurs when firms sell differentiated products which are not really the same because they are branded but these products can provide the same satisfaction to the need of the consumer.
Therefore, the threat of direct competition tends to be high when when firms are unable to differentiate their products.
I wish you the best.
A. true because when your market goes down than you are losing money. when market goes up you are getting more money.
The money he would have earned as interest at the end of 5 years is $180.
<h3>How much interest would he have earned in 5 years?</h3>
Interest is the total amount that is earned in excess of the amount deposited. Interest is a function of the amount deposited, time and interest rate.
Interest = amount deposited x time x interest rate
$600 x 5 x 0.06 = $180
To learn more about interest, please check: brainly.com/question/26164549
#SPJ1
