Competition is part of our drag and drop answer here. firms try to differentiate their product from others. there are a number of ways they go about
this
one obvious way is through drag and drop answer here. this simply means that the producer may drag and drop answer here what they charge for their
good or service. consumers usually see this as a signal to purchase drag and drop answer here of that product. however, businesses are limited in this
kind of competition. the goal of any business is to drag and drop answer here, so any change in price has to be balanced with the actual cost of that
good or service
another way that businesses differentiate their product is by using drag and drop answer here. this means that rather than changing the amount the
charge for their good or service, businesses will change something else. for example, they may change the color or drag and drop answer here to make
it obvious on the shelf. they may also use claims like "we offer the finest drag and drop answer here in order to attract customers who appreciate
well-made products. you may also see drag and drop answer here or promotional sales which offer a temporary discount on the product. you may even
see producers offer something else free 'if you act now," or "before supplies run out." in general, firm prefer these types of competition because they
tend to cut into profits less than actually changing the price of the product.