Social Studies, 19.07.2019 22:00 janinecastillo01

In a competitive market, an electronics company releases a smartphone that is much faster than older models. this is an example of= following a federal regulation. lowering prices for customers. reducing the risk for consumers. creating an innovative product.

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Answer from: plug30

One of the basic rules of competitiveness on the market is innovation. New products, especially when it comes to modern technology, is always something that is required, and usually at a higher price than the previous smartphones. This price of new smartphones is decreasing over time, but at first it does not represent something that lowers the price of the product. Whether it will reduce the risk for consumers will be demonstrated over time, but innovation in production is something that is necessary and contributes to better branding among consumers and achieves greater competitiveness on the market.

The answer is: D.

Answer from: safiyyahrahman6907

creating an innovative product.

Explanation:

A competitive market economy is characterized by the free entry and exit of suppliers selling the same type of product. In this case, the price is given by the interaction between supply and demand of the product, that is, suppliers have no power to influence price, they are "price takers". When a product differentiation is created by one of the suppliers, it represents a temporary disruption of the competition model. Basically, this occurs when an innovative product is launched. In the example, a faster processor cell phone than market products will give the competitor the temporary monopoly power of that product and hence the ability to influence price. However, if the market is competitive, this will be temporary. When the other competitors follow the innovative technology, the product sold will become the same again and the competition mechanisms will resume. The price will be given by the market through the interaction between supply and demand for the product.

Answer from: Quest

you probably know the answer. stop asking stupid questions and making me waste my time. j.k. ; ) b.t.w. what are three ratios equivalent to 5 : 11? thx

Answer from: Quest

Accumulating more land so that your country can continue expanding without running into problems such as overpopulation

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In a competitive market, an electronics company releases a smartphone that is much faster than older...