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Hello! Can someone please give me a short explanation on this? Thank you! Screen Shot 2021-... > > Q Firms with market power tend to

Hello! Can someone please give me a short explanation on this? Thank you!

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Screen Shot 2021-... > > Q Firms with market power tend to engage in product differentiation when possible in order to increase profits; discuss specific actions these firms are likely to take to try and differentiate their product or service from those offered by rivals. Does product differentiation tend to make the demand for the firm's product or service more or less price-elastic? +

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