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Scenario 1 6 - 1 Vacation Inns of Canada ( VIC ) has recently announced intentions of building a new spa resort complex in Vernon,
Scenario 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 Existing hotels, motels, and lodging facilities in Vernon are likely to experience what kind of externality as a result of the new VIC resort? Advertising Productvariety Businessstealing Competitive 
Scenario
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 Existing hotels, motels, and lodging facilities in Vernon are likely to experience what kind of externality as a result of the new VIC resort?
Advertising
Productvariety
Businessstealing
Competitive
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