Examlex
The text identifies three dimensions along which goals can be classified.Briefly describe each dimension and give examples.
Monopolistic Competition
A market structure where many companies sell products that are similar but not identical, leading to competition based on factors other than price.
Over-Differentiation
refers to the creation of product variations that exceed customer needs or desires, potentially leading to confusion and reduced sales.
Monopolistically Competitive Industries
Industries in which many firms compete by selling products that are similar but not identical, allowing for product differentiation.
Lack of Variety
A situation in a market where there are few different options or types of products available to consumers, potentially leading to decreased consumer satisfaction.
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