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Chapter 25: Q. a- For Critical Thinking (page 561)

Why might serving drinks with uniquely flavored edible straws assist a restaurant in distinguishing its products from competitors' products with similar flavors and textures?

Short Answer

Expert verified

Marine biodiversity could misunderstand the plastic for snacks, and landfills will gradually leach chemical compounds into to the surrounding soil.

Humans developed a material that is impervious to using plastic straws. This information is molded into desired form to make edible straws.

Step by step solution

01

Introduction.

Designers generated a content that is resilient to using paper straws.

To make edible sticks, this material is shaped into the desired shape.

Such different flavors edible straws have been intended to reduce plastic waste toothpicks in the future.

02

Differentiated Products.

Differentiation strategy happens when a firm focuses a feature of such a new product in the market which separates it from someone else still on the market. Electric car, for example, needs to set itself besides other automobile manufacturers by creating innovative vehicles.

03

Edible straws.

Sea biodiversity may misunderstand the polycarbonate for nutrition, and that will gradually leach chemical compounds through into soil surface in landfills. In brief, there really is no nice outcome when it did come to single use plastic straws.

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Most popular questions from this chapter

Categorize each of the following as an experience good, a search good, or a credence good or service, and justify your answer.

a. A heavy-duty filing cabinet

b. A restaurant meal

c. A wool overcoat

d. Psychotherapy

Consider the diagram nearby depicting the demand and cost conditions faced by a monopolistically competitive firm.

a. What are the total revenues, total costs, and economic profits experienced by this firm?

b. Is this firm more likely in short- or long-run equilibrium? Explain.

Classify each of the following as an example of direct, interactive, and/or mass marketing.

a. The sales force of a pharmaceutical company visits physicians' offices to promote new medications and to answer physicians' questions about treatment options and possible side effects.

b. A mortgage company targets a list of specific low-risk borrowers for a barrage of e-mail messages touting its low interest rates and fees.

c. An online bookseller pays fees to an Internet search engine to post banner ads relating to each search topic chosen by someone conducting a search. In part, this helps promote the bookseller's brand, but clicking on the banner ad also directs the person to a Web page displaying books on the topic that are available for purchase.

d. A national rental car chain runs advertisements on all of the nation's major television networks.

Calculate total average costs for the bookstore in Problem 25-5. Illustrate the store's short-run equilibrium by calculating demand, marginal revenue, average total costs, and marginal costs. What is its total profit?

In what fundamental ways does the monopolistic competitor in panel (b) of Figure 25-2 behave similarly to the perfectly competitive firm in panel (a) in long-run equilibrium? In what fundamental ways does the monopolistically competitive firm behave differently?

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