asked 38.7k views
5 votes
How do monopolistic competitors try to make their products stand out?

asked
User Modder
by
8.9k points

2 Answers

4 votes

Answer:

Advertise to create a stronger loyalty to their goods.

Step-by-step explanation:

answered
User BlueBear
by
7.9k points
3 votes

Answer:

The correct answer is “They use non-price competition such as advertising”

Step-by-step 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.

answered
User Rajendra Dewani
by
8.1k points
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