Product differentiation can be used by firms to do all of the following EXCEPT:

Question

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Product differentiation is a strategy used by firms to make their product stand out from their competitors. This can help them gain market share and erect barriers to entry for potential firms by making it more difficult for new entrants to replicate their unique features. Additionally, product differentiation can provide consumers with commitment devices by making it more difficult for them to switch to a competitor offering a similar product. However, it cannot provide firms with complete control over the price of their product. The price of a product is ultimately determined by the market forces of supply and demand, and while product differentiation can influence these forces to a certain extent, it cannot guarantee complete control.

Product Differentiation Can Be Used by Firms to Do All