In this case all of the cracks and crevices are sealed. Then a hole is put in the slab to install the small fan and create sub-slab suction. The average Radon mitigation cost in Portland, Oregon, or Vancouver, Washington is between $800 to $2,500 with an average of $1,200.
A central feature of monopolistic competition is that products are differentiated. There are four main types of differentiation: Physical product differentiation, where firms use size, design, colour, shape, performance, and features to make their products different. For example, consumer electronics can easily be physically differentiated.
After completing this chapter, students should be able to: List the characteristics of monopolistic competition. Explain how product differentiation occurs in similar products. Determine the profitmaximizing price and output level for a monopolistic competitor in the short run when given cost and demand data. Explain why a monopolistic competitor will realize only normal profit in the long run.