In monopolistic competition, product differentiation refers to?
یکساں مقابلے کی منڈی میں مصنوعات کی تفریق سے کیا مراد ہے؟
- Offering products that are similar but not identical
- Offering identical products to consumers
- Offering unique products with no substitutes
- Offering products at the same price as competitors
Explanation
- In monopolistic competition, many firms sell similar products.
- But each firm tries to make its product slightly different.
- This is called product differentiation.
- It helps firms create brand loyalty and competition advantage.
Last verified on 24-04-2026
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