A differentiating strategy used in monopolistic competition is to use brand names such as Tide and Cheer.

Name: A differentiating strategy used in monopolistic competition is to use brand names such as Tide and Cheer.
Brand: Quizplus
Rating: 4.9 (27 reviews)

Question

Quizplus · Accepted Answer

Brand names are a common way for firms in monopolistic competition to differentiate their products from those of their competitors. By establishing a strong brand identity and reputation, firms can create a loyal customer base and charge a premium price for their products.

A Differentiating Strategy Used in Monopolistic Competition Is to Use