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In summary, laundry detergent and dishwashing soap manufacturers operate in monopolistically competitive markets due to product differentiation. Firms advertise to stand out from competitors, create
In summary, laundry detergent and dishwashing soap manufacturers operate in monopolistically competitive markets due to product differentiation. Firms advertise to stand out from competitors, create brand loyalty, and persuade consumers that their products offer unique benefits or improvements, all of which are essential strategies in such markets
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