In monopolistic competition, sellers try to make their products appear at least slightly different from those of other competitors by tactics such as brand names, design, styling, and advertising.

Question

Quizplus · Accepted Answer

Monopolistic competition is a market structure where there are many sellers offering similar but not identical products. One of the ways in which sellers can differentiate their products is by making them appear different through various marketing tactics such as branding, design, styling, and advertising, among others. Therefore, option A is the correct choice.

In Monopolistic Competition, Sellers Try to Make Their Products Appear