asked 221k views
1 vote
What market structure predominantly uses product differentiation to attract consumers?

asked
User Kereen
by
7.7k points

2 Answers

3 votes
 monopolistic competition, if you are asking a question from plato
5 votes

Answer: Monopolistic Competition.

Step-by-step explanation: The market structure that predominantly uses product differentiation is Monopolistic Competition, which consists of companies that market products with similar characteristics but that the consumer as such perceives as if said product were unique and different. That is where the differentiation of products is accommodated by the characteristics that it presents that makes it different from competing products.

answered
User Deepender Singla
by
8.0k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.