An attempt by a firm to convince buyers that its product is different from the products of other firms in the industry is:
A)tacit collusion.
B)product differentiation.
C)antitrust policy.
D)price leadership.

Question

Quizplus · Accepted Answer

Product differentiation refers to the effort by a firm to make its product different from the products of other firms. This can be achieved through various means such as design, quality, features, and branding. By doing so, the firm hopes to create a unique selling point that can help it stand out in the market and attract customers.

An Attempt by a Firm to Convince Buyers That Its