As monopolistically competitive firms struggle to find ways to attract customers, _________. Select the two correct...

As monopolistically competitive firms struggle to find ways to attract customers, _________. Select the two correct answers below. Select all that apply:

a) they often end up offering friendlier service, free delivery, guarantees of quality, variations on existing products, and a better shopping experience

b) they often engage in innovation and technological improvements

c) they waste resources trying to differentiate themselves

d) they strategically lower their prices to steal customers from their competitors

Expert Solution

SOL : The two corrcect answers are :

1. Option ( b ) they often engage in innovation and technological improvements .

2. Option ( c ) they waste resources trying to differentiate themselves .

Rahul Sunny answered 2 years ago

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