Examlex
Other than by adjusting price, the two main ways in which a firm in monopolistic competition competes with other firms are by ________ and ________.
Power Base
the sources of influence and authority an individual or organization possesses, such as expertise, control of resources, or personal relationships.
Positive Reinforcement
A principle in behavioral psychology where the introduction of a rewarding stimulus following a desired behavior increases the likelihood of that behavior being repeated in the future.
Salary Increases
The process of raising an employee's pay rate, typically based on factors like performance, inflation, and market rates.
Aspirational Reference Groups
Social groups that individuals aspire to join or emulate, influencing their choices and behaviors to align with perceived group norms.
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