Summary The product differentiation inherent in monopolistic competition leads to the use of advertising and brand names.
{"Image DocumentName": "Summary The product differentiation inherent in monopolistic competition leads to the use of advertising and brand names.", "Image ImageDescription": "Critics argue that firms use advertising and brand names to take advantage of consumer irrationality and to reduce competition. Defenders argue that firms use advertising and brand names to inform consumers and to compete more vigorously on price and product quality.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}