In monopolistic competition, firms can compete in terms of
A)price.
B)quality of product.
C)service.
D)location.
E)all of the above

Question

Quizplus · Accepted Answer

In monopolistic competition, firms compete on various fronts including price, quality of product, service, and location. This type of market structure allows for differentiation in several aspects, enabling companies to attract customers through multiple strategies beyond just pricing.

In Monopolistic Competition, Firms Can Compete in Terms of