Question

Detroit is known for manufacturing cars. las vegas is a center for gambling and entertainment. los angeles is the movie making capital of the world. the san francisco area is a mecca for technology. and new york is known for food, fashion, theater, and finance. according to the enotes, these are examples of

Answer 1

It is a case of hyper competitive markets. Frequently a normal for new markets and enterprises, hyper rivalry happens when innovations or offerings are new to the point that benchmarks and tenets are in transition, bringing about upper hands and benefits coming about because of such upper hands can't be supported.