Googol and Visagetext are two social media platforms. When Googol was launched, many reviewers claimed that it was better than Visagetext and advised users to switch. Today, Visagetext contimues to be the leader in the sector, despite rave reviews for Googol. This is an example of Othe superior product not always winning D Competition within the market. this is not an example of competition O Competition to dominate the market.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Explanation it correctly and not copys

Googol and Visagetext are two social media platforms. When Googol was launched, many reviewers claimed that it was better
than Visagetext and advised users to switch. Today, Visagetext continues to be the leader in the sector, despite rave reviews for
Googol.
This is an example of
the superior product not always winning
D competition within the market.
this is not an example of competition
O Competition to dominate the market.
Transcribed Image Text:Googol and Visagetext are two social media platforms. When Googol was launched, many reviewers claimed that it was better than Visagetext and advised users to switch. Today, Visagetext continues to be the leader in the sector, despite rave reviews for Googol. This is an example of the superior product not always winning D competition within the market. this is not an example of competition O Competition to dominate the market.
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