monopolistic competition - EssayCombo.com

I need a substantive response to this classmate’s post:

Monopolistic competition on the running shoe market
As far as the running shoe market is concerned, Adidas and ASICS Nike compete closely with each other. The brands correctly compete with each since they offer the products that serve the same purpose. However, there are slight differences in these shoe products like the colour, the shape, and logo, among other observable differences. The two types of running shoe brands exhibit monopolistic competition since there are no low barriers and restriction to entry and exit of the market. These brands of shoes (Adidas and Nike) show uniqueness, which grant them the power to alter the prices of their products slightly.
Because these products serve a similar purpose, they are placed closer to one another in the shelves. These products have some of their products at reasonable prices to accommodate the cost-conscious customers. Both brands have their products aiming at high-end consumers. They both produce sophisticated and high-quality products, which target high-end customers. Likewise, both brands have a broad market, and they also enjoy command loyalty. This is because they both enjoy high trading volume and bigger orders to transact on security. As a result of this, their prices are stable and have slight differences. The companies can add feature and values to their products impose additional charges for the new benefits. The customers would buy the products after considering the worth of the original benefits put on the items.
I have learnt that before one decides to buy a product, he or she should do a market survey to find out different prices and brands of a product, he or she intends to purchase. By so doing, one can make the right decision whether or not to buy a particular product or look for the substitute for a slight difference in price. Monopolistic competition market is contestable because it is easy for the companies to enter and exit the market. Differentiation, on the other hand, brings diversity in products, choice and utility. Both consumers and traders enjoy all these benefits.

Our Service Charter

Excellent Quality / 100% Plagiarism-Free

We employ a number of measures to ensure top quality essays. The papers go through a system of quality control prior to delivery. We run plagiarism checks on each paper to ensure that they will be 100% plagiarism-free. So, only clean copies hit customers’ emails. We also never resell the papers completed by our writers. So, once it is checked using a plagiarism checker, the paper will be unique. Speaking of the academic writing standards, we will stick to the assignment brief given by the customer and assign the perfect writer. By saying “the perfect writer” we mean the one having an academic degree in the customer’s study field and positive feedback from other customers.

Free Revisions

We keep the quality bar of all papers high. But in case you need some extra brilliance to the paper, here’s what to do. First of all, you can choose a top writer. It means that we will assign an expert with a degree in your subject. And secondly, you can rely on our editing services. Our editors will revise your papers, checking whether or not they comply with high standards of academic writing. In addition, editing entails adjusting content if it’s off the topic, adding more sources, refining the language style, and making sure the referencing style is followed.

Confidentiality / 100% No Disclosure

We make sure that clients’ personal data remains confidential and is not exploited for any purposes beyond those related to our services. We only ask you to provide us with the information that is required to produce the paper according to your writing needs. Please note that the payment info is protected as well. Feel free to refer to the support team for more information about our payment methods. The fact that you used our service is kept secret due to the advanced security standards. So, you can be sure that no one will find out that you got a paper from our writing service.

Money Back Guarantee

If the writer doesn’t address all the questions on your assignment brief or the delivered paper appears to be off the topic, you can ask for a refund. Or, if it is applicable, you can opt in for free revision within 14-30 days, depending on your paper’s length. The revision or refund request should be sent within 14 days after delivery. The customer gets 100% money-back in case they haven't downloaded the paper. All approved refunds will be returned to the customer’s credit card or Bonus Balance in a form of store credit. Take a note that we will send an extra compensation if the customers goes with a store credit.

24/7 Customer Support

We have a support team working 24/7 ready to give your issue concerning the order their immediate attention. If you have any questions about the ordering process, communication with the writer, payment options, feel free to join live chat. Be sure to get a fast response. They can also give you the exact price quote, taking into account the timing, desired academic level of the paper, and the number of pages.