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.
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<span>In function of the good service that must have in public transport and the welfare for the citizens another suggestion and possible resource that can be taken in this respect is to combine those initial ideas in function of the efficiency that these decisions provide. Reduce the price, you can decrease the income for maintenance, therefore you can freeze for time. Increasing the price may lead to rejection by users and an impact on their economy, however, it must be increased at a reasonable time. The monthly and annual passes are part of a balanced idea. In view of the acceptance of users there is more demand therefore the third idea must be complemented and offer passages of reduction of prices per trip that do not affect both economies of companies and users.</span>
C.
This is because all resources are almost being used and to their full potential, therefore there are few idle resources and thus is efficiency.
Answer:
Household Production
Explanation: GDP(Gross Domestic product) is a Macroeconomic concept used to estimate or determine the monetary value of all the goods and services rendered within an Economy in a given period. Gross Domestic product usually underestimates the value of the services or household productive activities such as BABY SITTING etc which are parts of economic welfare activities taking place within an Economy as it is not effectively and adequately captured or considered in its calculations.
