Firms in monopolistically competitive markets can differentiate their products on the basis of:
A) geographical location.
B) service.
C) credit terms.
D) all of the above.

Question

Quizplus · Accepted Answer

Firms in monopolistically competitive markets can differentiate their products on various bases such as geographical location, service, and credit terms. Therefore, all of the given choices (A, B, and C) are correct.

Firms in Monopolistically Competitive Markets Can Differentiate Their Products on the Basis