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8 October, 22:19

When firms in monopolistic competition differentiate their products, among the techniques they use are?

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  1. 9 October, 01:57
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    Differentiate by quality - depending on the quality there are people who can afford a good quality which is more expensive compared to low quality

    differentiate by location - for example gas stations

    differentiate by style or type - as long as people differ in taste producers will ind it more profitable to produce a varierty of products to the market
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