If the toothpaste market is monopolistically competitive, product differentiation may take the form of:
A) production of many varieties of toothpaste, including those with whitening agents.
B) differentiation in the locations where certain toothpastes are available.
C) quality differences among the various brands.
D) production of many varieties of toothpaste, including those with whitening agents; differentiation in the locations where certain toothpastes are available; and quality differences among the various brands.

Question

Quizplus · Accepted Answer

In a monopolistically competitive market, firms differentiate their products through various means such as product variety, location, and quality to attract consumers and gain a competitive edge.

If the Toothpaste Market Is Monopolistically Competitive, Product Differentiation May