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25. Classify each of the following as either generic or enterprise competition.

(a) A coffee processing firm competing with a tea-processing firm
(b) A choice between going to a cinema or to swim
(c) Ukwell Bookshop competing with Vitabu Bookshop
(d) Mt Kenya High School competing for academic performance with Mt Elgon High School

Sagot :

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Final answer:

The answer categorizes the given scenarios into monopolistic competition, generic competition, and enterprise competition.


Explanation:

Classification of Competition Types:

  1. (a) Monopolistic competition: A coffee processing firm competing with a tea-processing firm. Both offer slightly different products, facing downward-sloping demand curves.
  2. (b) Generic competition: A choice between going to a cinema or to swim. No direct market competition.
  3. (c) Monopolistic competition: Ukwell Bookshop competing with Vitabu Bookshop. Both offer slightly differentiated products.
  4. (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:

https://brainly.com/question/5528634


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