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e-lub [12.9K]
2 years ago
12

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

History
2 answers:
lorasvet [3.4K]2 years ago
8 0

Answer:

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.

enyata [817]2 years ago
6 0

Answer:

Advertise to create a stronger loyalty to their goods.  

Explanation:

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