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How do monopolistic competitors try to make their products stand out? Question 13 options: They use nonprice competition such as advertising. They lower their prices. They maximize profits. They raise
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How do monopolistic competitors try to make their products stand out?

Question 13 options:

They use nonprice competition such as advertising.


They lower their prices.


They maximize profits.


They raise their prices.

User Felix Antony
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1 Answer

4 votes

Answer:

They lower their prices.

Step-by-step explanation:

As a monopoly is stablished then the next step is to reduce prices when competitors try to enter the market so they remain being the company with the biggest share of the market.

User Tural Ali
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