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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Explanation:
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Answer:
C. Both similarities and differences in their properties.
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<span>Who is in charge of the executive branch
</span>
<span>President</span>
The definition of family of measures that will helps to answer a model for improvement is "<em>How will we know that a change is an improvement?"</em>
<h3>What is family of measures?</h3>
Basically, a family of measures refers to a set of measures that help to understand the happenings of a entity's services, products, activities etc
Also, the model for Improvement is a model that provides a guide towards developing and implementing of changes towards an improvement.
In conclusion, the definition of family of measures that will helps to answer a model for improvement is "<em>How will we know that a change is an improvement?"</em>
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