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19 August, 00:04

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

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Answers (2)
  1. 19 August, 01:27
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    Advertise to create a stronger loyalty to their goods.
  2. 19 August, 02:11
    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.
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