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Questions
Explain the following concept.
Product Differentiation
What is meant by product differentiation?
What is product differentiation?
What do you mean by product differentiation?
Explain
Short Answer
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Solution
Product is differentiated in monopolistic competition. Products differ from each other in many ways. Product differentiation can be take place in the form of brand name and trade mark. Products may be differentiated in terms of color, size, design, taste, etc.
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