<u>Full question:</u>
The Ritz-Carlton has carefully created a strong and distinctive differentiation strategy, which is supported by everything the company says, is, and does. Which type of differentiation is this?
A. People differentiation
B. Product differentiation
C. Image differentiation
D. Services differentiation
E. Channel differentiation
<u>Answer:</u>
Image differentiation is this.
<u>Explanation:</u>
Image Differentiation as an origin of competitive advantage, a firm may differentiate itself from its opponents by image; the appropriate image or 'oneself' it procures is designed by its logo and additional symbols. A differentiated image accommodates at paying out from the crowd. Image differentiation is necessary for a company or product.
A powerful image builds the product’s quality and value proposition, it distinctively carries this character and it abandons emotional power behind a mental image. Image differentiation helps labels earn an aggressive edge over their rivals.
Answer: a. Higher than 100 units , price lower than $5 and Mr = price
Explanation:
Firms competing in perfect market conditions are Price Takers, the produce quantity at the level where Marginal Revenue equals Marginal cost. Since firms are price takers their Marginal Revenue is the Market Price P. They can only increase quantity if they want to earn more profit, Therefore Price = Marginal Revenue = Marginal Cost.
The Quantity will increase and the price will be lower than $5. Price = Marginal Revenue = Marginal cost. The Price will be $4
At the profit-maximizing output, this firm's total profit will be $280.
<h3>Who is a monopolist?</h3>
A monopolist is a single firm that operates in an industry. There is only one firm in the industry because there are usually high barriers to entry of firms. The demand curve is downward sloping. A monopoly sets the price for its goods and services.
Profit is maximised when marginal revenue is equal to marginal cost. Looking at the given table, marginal revenue is equal to marginal cost when output is 4 and price is $70
Total profit = 70 x 4 = $280
To learn more about monopolies, please check: brainly.com/question/10441375
Answer:
Market forces push toward equilibrium
