Buy custom How does the fishball stall market in two different districts in Hong Kong, Causeway Bay and Shum Shui Po demonstrate the characteristics of monopolistic competition?
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Essay's paper body
Due to it being known as a trendy spot, it is a common spot for young people to hang out and students are known to be the primary consumer for fishballs. All the stalls sell the same size and quantity(4) of fishballs.
Stall 1- This is a stall located right next to several computer cafes and fast food restaurants, they serve a variety of food and drinks...
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Due to the reputation of the stall, the prices are much higher. It is located right outside the Times Square theater entrance. The fishball also uses a higher proportion of fish as opposed to using a cheaper substitute-shark meat for a binder that most other stalls use and thus is more expensive.
Stall 3- Located near a number of brand name stores and the Sogo department stall...
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How does the fishball stall market in two different districts in Hong Kong, Causeway Bay and Shum Shui Po demonstrate the characteristics of monopolistic competition?
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