Related to the Economics in Practice on P

Multiple Choice

Related to the Economics in Practice on p. 297: According to the Economics in Practice, in a town with multiple newspapers

A) there are strong incentives for firms to differentiate and focus on the part of the market with less competition.
B) there are strong incentives for firms to produce a similar product and focus on the part of the market with the most competition.
C) there are virtually no incentives for firms to differentiate and focus on the part of the market with less competition.
D) there is virtually no possibility for firms to produce a similar product and remain in business.