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Monopolistic Competition

by Jadrian

In monopolistically competitive markets, sellers offer differentiated products, and this Hawaiian food truck is no different. While some people believe that food trucks should only offer a small range of menus, the chef argues that in order to stand out in such a competitive market that he has to offer variety. Introducing new substitutes will decrease the demand for others and eventually lead to zero economic profit.

Hawaii 5-0

Chef needs to offer a diverse menu to remain competitive

from Hawaii 5-0 (2012)
Creator: Stephen J. Cannell
Distributor: Netflix
Posted by Jadrian