The following scenario describes a monopolistically competitive market. Decide which form or forms of product differentiation the firm uses to distinguish its product from those of its rivals. Check all that apply.

Consider two gas stations. One is located at a major intersection used by people commuting from populous neighborhoods to jobs located in the downtown area. The other is located on the outskirts of the city. Both gas stations sell high$-$grade or premium$-$grade gas for a higher price than lowgrade or regular$-$grade gas. However, the gas station along the more congested route charges higher gas prices for all grades than the station on the outskirts of town.

The product differentiation within and among these gas stations is based on: Check all that apply.

Quality

Style

Location