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Open a new thread on the discussion board. Many product markets in the United States are monopolisticaly competitive due to the use of product differentiation.
Open a new thread on the discussion board. Many product markets in the United States are monopolisticaly competitive due to the use of product differentiation. What is product differentiation? How does product differentiation give a company market power especially over pricing? Give one or two examples of products that sustain higher pricing due to product differentiation. Is this justified?
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