Asked by
Cindy Medrano
on Oct 27, 2024
Verified
To limit competition,oligopolists often practice product differentiation.
Product Differentiation
The strategy of setting a product or service apart from those in the market to enhance its desirability to a certain target group.
Oligopolists
Firms that dominate an industry, characterized by a small number of entities controlling a large market share.
- Explore the impact that unique product features have on market competitiveness and the preferences of buyers.
Verified Answer
MC
Learning Objectives
- Explore the impact that unique product features have on market competitiveness and the preferences of buyers.
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