When Two Competitors Try to Make Themselves Identical,they Are

question 180

Multiple Choice

When two competitors try to make themselves identical,they are

• A) appealing to rational ignorance.
• B) trying to appeal to a maximum number of customers.
• C) carrying out the principle of minimum differentiation.
• D) Both answers B and C are correct.
• E) Both answers A and B are correct.

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Definitions:

Automates

The process of making an operation or procedure carried out without human intervention through the use of mechanical or electronic devices.

Agency

A relationship where one party (the agent) is authorized to act on behalf of another (the principal) in dealing with third parties.

Impossible

A term used to describe a task or condition that cannot realistically be fulfilled or achieved.

Agency Relationship

A legal arrangement in which one party, the agent, acts on behalf of another party, the principal, in conducting transactions with third parties.