When two competitors try to make themselves identical,they are
A) appealing to rational ignorance.
B) trying to appeal to a maximum number of customers.
C) carrying out the principle of minimum differentiation.
D) Both answers B and C are correct.
E) Both answers A and B are correct.

Question

Quizplus · Accepted Answer

When two competitors try to make themselves identical, they are indeed trying to appeal to a maximum number of customers by minimizing the differences between their products or services. This strategy is known as the principle of minimum differentiation. It aims to capture the largest share of the market by appealing to the broadest audience.

When Two Competitors Try to Make Themselves Identical,they Are