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Nozzle is a specially designed product that retro fits into your existing water faucet and atomizes the water stream in a spray that lets you use 98% less water when washing hands,brushing teeth,and washing produce or dishes.Some consider this a game changer for environmental protection,especially in regions of water scarcity.This product would be categorized as:
Purely Competitive
A market structure characterized by many buyers and sellers, none of whom can influence market prices, with free entry and exit from the market.
Product Price
The amount of money required to purchase a good or service, determined by factors such as cost of production, market demand, and competition.
Imperfectly Competitive
Characterizes markets where individual sellers can influence prices and products, unlike in perfectly competitive markets.
Marginal Revenue Product
The additional revenue generated from employing one more unit of a resource.
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