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topjm [15]
3 years ago
10

In a large city, two taxi companies own all the licenses that the city will grant to operate taxis. consumers don't care which c

ab company they take—if they decide it's worth taking a cab, they flag down the nearest one.
Business
1 answer:
liberstina [14]3 years ago
7 0

Answer:

this situation can be classified as an duopoly

Explanation:

An duopoly is similar to a monopoly but instead of only supplier there are two suppliers that share total market power and control. Both companies also offer basically the same product or service. Competition exists between the companies but it is not significant, both companies decide to coexist. Customers are forced to choose between one company or the other.

In this case, there are only two taxi companies and the customers really don't care what company they use since they both offer similar services. None of the companies even bothers to offer a better service to try to gain a larger market share.

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2 years ago
What do you think is meant by the phrase "both alien and non-alien"?
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3 years ago
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Answer:

B) overt branding practices

Explanation:

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On top of that ., They value the type of  advertisement that can objectively define the negative and positive characteristics of a certain product rather than advertising it as if it's 'the best product ever' like commonly done by most companies in the past.

7 0
3 years ago
The 5 paragraph essay format allows for the detailed explanation of one supporting argument.
Setler79 [48]

Answer:

-True

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5 0
3 years ago
Read 2 more answers
Which of the following is LEAST likely to provide a sustainable competitive advantage?Select one:a. creating an efficient supply
yawa3891 [41]

Answer:

The correct answer is d. lowering price.

Explanation:

Sustainable competitive advantages are company those abilities and traits that are difficult to duplicate or exceed; and provide a superior or favorable long term position over competitors.

Lowering price is good stratergy to compete with new competitors comming in the industry. However in long run you have to focus on building  processes that generate value for customers and both internal and external stake holders.

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