Answer: Please refer to the explanations section
Explanation:
The question is in incomplete, the two strategies that the question refers to are not given in a question. we will discuss product differentiation in relation to monopolistic competition and give examples of differentiation strategies.
Product differentiation are one of the factors that give a firm market power. Product differentiation ensures that the product has no close substitutes in the minds of consumers which will then make price elasticity of demand to be very low or in elastic. Consumer's respond to price changes would be very minimal if the product is properly differentiated which is what monopolistically competitive firms want.
<u>Product differentiation strategies</u>
- Create your own niche market
- Communicate the differentiated product advantages to consumers
Answer:
The demand for Xbox One games falls
The demand for Xbox One games increases
The quantity demanded on Xbox One increases
Explanation:
Xbox one , PlayStation 4, and Wii U can be referred to as substitute goods.
Substitute goods are goods which can be used or consumed in place of one other. If the price of PlayStation 4, and Wii U falls, consumers would increase the quantity demanded of this games and reduce demand for Xbox one because Xbox One is now more expensive relative to the other games.
If consumers income increase, they would have a higher disposable income and so demand would increase.
If the number of people writing and producing XBox One games increases, supply of Xbox one games would exceed demand. This would lead to a fall in price and an increase in the quantity demanded.
I hope my answer helps you
<span>1.)Consumer disputes financial information reported to a credit scoring company.
</span>B.)Fair Credit Reporting Act.<span>
2.)Consumer has less paperwork to go through to buy a new house.
</span>A.)Economic Growth and Regulatory
Paperwork Reduction Act.<span>
3.)Consumer refuses to provide their five-year-old child's financial data to a company.
</span>D.)Children's Online Privacy Act.<span>
4.)The FDIC has the right to review companies for consumers.
</span>C.)Federal Deposit Insurance Act.
The United States has issued a variety of currency notes for use in paying income tax, making investments, and making purchases from colonial to current times. Alexander Hamilton establishes the Bank of the United States in order to create a system of credit for the government.
<h3>What does an increase in labor efficiency mean?</h3>
favorable change If the labor efficiency variance is in the company's favor, it means that the workforce is operating as it should and that the number of hours it spends producing is in line with the business's planned criteria.
<h3>What do the symbols on Continental currency designs represent?</h3>
In a number of designs of Continental Currency, the thirteen colonies that battled and vanquished Great Britain during the American Revolution are shown. These representations represent the aspirations and virtues of the colonies.
Learn more about banknotes:
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