Exam Question
Product differentiation
- 1. means that monopolistically competitive firms can compete on quality and marketing
- 2. occurs when a firm makes a product that is slightly different from that of its competitors
- 3. makes the firm’s demand curve downward sloping
- 4. All of the above answers are correct
View Answer
Answer 2. occurs when a firm makes a product that is slightly different from that of its competitors
Practice set and Exam Quiz
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