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For a firm operating in a monopolistically competitive market, which of the following actions would increase the markup power for the firm? Group of answer
For a firm operating in a monopolistically competitive market, which of the following actions would increase the markup power for the firm? Group of answer choices Emphasize the high price of the good as a signal of quality. Make your product as similar to the products of other firms to emphasize comprability. Differentiate your product to reduce its substitutability with other firms' products. Market the product as a highly valued luxury good
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