In a Monopolistic Competition, each seller delivers a differentiated product which is easily different from its close substitutes. The two main features of Monopolistic Competition are development differentiation and selling expenses.
<h3>What is the connection between product differentiation and monopolistic competition?</h3>
monopolistic competition guides to a market where many firs sell differentiated products. differentiation can arise from aspects of the good or service.
<h3>Why is product differentiation required for monopolistic competition?</h3>
Product differentiation is necessary for monopolistic competition because sellers in monopolistic competitor gain their limited monopoly-like control by making a distinctive product or by convincing customers that their product is different than the competition.
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Of or related to hydrometry
Answer:
1) The Treaty of Versailles caused World War 2 because they ended World War 1.
2) The Cold War lead to new technology because of spy devices.
Explanation:
1) The Treaty of Versailles was really harsh against Germany and forced Germany to accept the "responsibility of the war."
2) During the Cold War technology was made, such as small cameras and video footage. That technology then evolved into things in our modern day world like gopros, cameras, and other wearable devices.
