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2. Each brand of chocolate bar faces competition from many other similar brands. Why, despite this, do some producers have considerable market power? Consumer loyalty

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2. Each brand of chocolate bar faces competition from many other similar brands. Why, despite this, do some producers have considerable market power? Consumer loyalty plays a big part in a buyer's decision. A consumer may have a stronger preference towards one brand of chocolate over another. This consumer loyalty could be attributed to a company's branding efforts (advertising and marketing)

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