Other Than by Adjusting Price, the Two Main Ways in Which

question 88

Multiple Choice

Other than by adjusting price, the two main ways in which a firm in monopolistic competition competes with other firms are by ________ and ________.

• A)innovation and product development; advertising
• B)taking surveys to discover the wants of its consumers; opening up new retail outlets
• C)changing its method of production; relocating its factories to areas with lower wage rates
• D)decreasing its workforce; using new technology
• E)advertising; producing the efficient quantity

---

Definitions:

Quadratic Form

An expression in algebra where the highest power of a variable is squared, typically in the format ax^2 + bx + c.

Completing The Square

A method used in algebra to solve quadratic equations by converting the equation to a perfect square trinomial.

Completing The Square

A method to solve quadratic equations by converting the quadratic equation into a perfect square trinomial, making it easier to solve.

Complex Numbers

A mathematical concept that extends the idea of numbers to a form that includes real and imaginary parts, typically denoted as a + bi where a and b are real numbers and i is the imaginary unit.