Producers usually try to differentiate themselves in monopolistic competition through their product features.
What is Monopolistic Competition?
Monopolistic competition is a form of uneven market competition in which several producers compete against one another yet sell items that are distinct from one another.
Monopolistic competition speaks volumes about how an organization with a huge number of business activities competes for the same (but not identical) products.
The possible way in which Producers differentiate themselves in monopolistic competition is through their product features.
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