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Sagot :
Final answer:
The answer categorizes the given scenarios into monopolistic competition, generic competition, and enterprise competition.
Explanation:
Classification of Competition Types:
- (a) Monopolistic competition: A coffee processing firm competing with a tea-processing firm. Both offer slightly different products, facing downward-sloping demand curves.
- (b) Generic competition: A choice between going to a cinema or to swim. No direct market competition.
- (c) Monopolistic competition: Ukwell Bookshop competing with Vitabu Bookshop. Both offer slightly differentiated products.
- (d) Enterprise competition: Mt Kenya High school competing academically with Mt Elgon. Direct competition with differentiated performance.
Learn more about Types of market competition here:
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