Convenience Stores with Gas Stations Tend to Sell an Essentially

question 8

Short Answer

Convenience stores with gas stations tend to sell an essentially identical variety of products and services.Yet this is generally considered to be a monopolistically competitive industry selling differentiated products.How can this be considered a differentiated product?

---

Definitions:

Hypnotism

A trance-like state of focused attention, reduced peripheral awareness, and increased responsiveness to suggestion.

Syndromes

A collection or set of symptoms and signs that are often found together and characterize a particular disease or medical condition.

Groups of Symptoms

Refers to a set or cluster of signs and symptoms that frequently occur together and characterize a particular disorder or disease.

Diatheses

An inherent vulnerability or predisposition in an individual that makes them more susceptible to developing disorders or diseases.