Scenario 16-1 Vacation Inns of Canada (VIC) Has Recently Announced Intentions of Intentions

Scenario 16-1
Vacation Inns of Canada (VIC) has recently announced intentions of building a new spa resort complex in Vernon, British Columbia.Assume that the hotel and resort market in Vernon is characterized by monopolistic competition.
-Refer to Scenario 16-1.Existing hotels,motels,and lodging facilities in Vernon are likely to experience what kind of externality as a result of the new VIC resort

A) product-variety
B) business-stealing
C) competitive
D) advertising

Correct Answer:

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