Suppose James and Katherine Are Successful in Establishing a Profitable

question 21

Multiple Choice

Suppose James and Katherine are successful in establishing a profitable market for their "ghost restaurants" in what is a monopolistically competitive industry.In the long run, James and Katherine will most likely find it ________ to remain profitable as they face ________ competition in the "ghost restaurant" market.

• A)harder; more
• B)harder; less
• C)easier; more
• D)easier; less

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Definitions:

Competitive

Having the quality or attributes necessary to challenge other entities in the same field or market.

Persuasive

An adjective describing something designed to convince or influence someone to adopt a certain belief or to take action.

Brand's Strengths

The unique advantages or capabilities of a brand that give it a competitive edge in the market.

Pioneering Advertisement

An advertising strategy that aims to introduce and educate the market about a new, innovative product or service for the first time.