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

User Modder
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2 Answers

4 votes

Answer:

Advertise to create a stronger loyalty to their goods.

Step-by-step explanation:

User BlueBear
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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.

User Rajendra Dewani
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