Ask Question
24 September, 03:28

How do monopolistic competitors try to make their products stand out?

+5
Answers (2)
  1. 24 September, 03:44
    0
    The correct answer is "They use non-price competition such as advertising"

    Explanation:

    Monopolistic competition takes place when an industry has multiple firms that offer products that are alike but not equal and these firms have a little influence to restrict supply or raise prices to growth profits. These firms involved in the competition always try to stand out, so this is why advertising and marketing play a key role among them.
  2. 24 September, 03:50
    0
    Advertise to create a stronger loyalty to their goods.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “How do monopolistic competitors try to make their products stand out? ...” in 📗 History if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers