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Monopolistic competition
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________ is a market structure where there are many sellers producing differentiated products, with no barriers to entry or exit.
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Product differentiation
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________ is a form of non- price competition where suppliers attempt to make their products different (or perceived to be different) from those of their competitors.
________ is a market structure where there are many sellers producing differentiated products, with no barriers to entry or exit.
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Product differentiation
________ is a form of non- price competition where suppliers attempt to make their products different (or perceived to be different) from those of their competitors.
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Brand loyalty
________ is important as firms takes risks, consumers still buy their products due to their image and reputation.
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