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Question
Which of the following is an example of non‑price competition in an oligopolistic market?
Options
Frequent price cuts to start a price war
Fixing a uniform price by law
Improving product quality and offering extra services
Reducing supply to raise price
MCQ
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Solution
Improving product quality and offering extra services
Explanation:
Oligopolistic firms usually keep prices rigid and instead compete using advertising, better quality, branding, packaging, and extra services or offers.
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