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

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


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.

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