Which of these practices describe how producers in oligopolies generally try to create competition? Check all

Question

Which of these practices describe how producers in oligopolies generally try to create competition? Check all that apply.

by keeping prices low
by offering promotions
by advertising
by cultivating brand loyalty
by overcoming barriers to entry
by developing a specific image

GPT-5 mini · Answer

Check these: 
- by offering promotions  
- by advertising  
- by cultivating brand loyalty  
- by developing a specific image

Explanation: Firms in oligopolies typically engage in non‑price competition (ads, promotions, branding/product differentiation) rather than cutting prices or “creating” entry; they often maintain barriers to entry instead.

Which of these practices describe how producers in oligopolies generally try to create competition? Check all that apply.

by keeping prices low
by offering promotions
by advertising
by cultivating brand loyalty
by overcoming barriers to entry
by developing a specific image

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Which of these practices describe how producers in oligopolies generally try to create competition? Check all that apply. by keeping prices low by offering promotions by advertising by cultivating brand loyalty by overcoming barriers to entry by developing a specific image

All Answers 1

Submit Your Answer

Which of these practices describe how producers in oligopolies generally try to create competition? Check all that apply.

by keeping prices low
by offering promotions
by advertising
by cultivating brand loyalty
by overcoming barriers to entry
by developing a specific image