Question

healthy and hearty soups: healthy and hearty soups produces a variety of soups. there is considerable competition in the soup market. however, healthy and hearty soups has spent several million dollars on an advertising campaign to convince consumers that their soups are healthier than all other soups. because of this advertising, healthy and hearty soups charges a higher price than other soups on the market.

Answer 1

According to the claim, monopolistic competition makes others believe that its product is superior.

Why do you use the word "market"?

Market: A mechanism whereby buyers and sellers come into touch with one another, both directly and through intermediary agents or organizations, and supply goods and services.

What does a company' market entail?

A market is just a place where sellers and buyers join together and to transactions. Markets might be real-world, like a physical store, or digital, like an online merchant. The black market, the auctions market, as well as the financial market are more examples.

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