In Which Way Do Producers Try To Differentiate Themselves In Monopolistic Competition?

5016 users searched for this homework answer last month and 64 are doing it now, let’s get your homework done.

This Top Homework Answer is High School level and belongs to the History subject.

This answer got 85 “Big Thanks” from other students from places like Maricao or Quebrada.

Question

In which way do producers try to differentiate themselves in monopolistic competition? price advertising product features image

Answer

I believe the answer is: Product featuresProduct features refers to the components, apperances, and capabilities of a certain product that distinguish one product over another.Such features are the only mean to stand out in a monopolistic market because competing with the dominant company in term of pricing is impossible.

Students are also searching for

  • you are driving on a road with reversible lanes that are marked with overhead lane signals;
  • all phosphorus atoms have the same
  • what do the stage directions reveal about ben?

If you have more homework to do you can use the search bar to find the answer to other homework: 300 have done it today and 116 in the last hour.

Help your mates do their homework and share Top Homework Answers with them, it’s completely free and easy to use!

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.