Microeconomics: Principles, Problems, & Policies, 20th Edition

Published by McGraw-Hill Education
ISBN 10: 0077660811
ISBN 13: 978-0-07766-081-9

Chapter 13 - Monopolistic Competition and Oligopoly - Discussion Questions - Page 302: 12

Answer

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Work Step by Step

Large companies often try to expand into different product lines as this is what will allow them to grow (since they control their sector). For instance, companies like Amazon and Google that already make a lot in their sector will try to come up with new products that they can make money off of.
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