True or False?
Product differentiation allows monopolistic competitors to be price makers.
a. True
b. False

Question

True or False?Product differentiation allows monopolistic competitors to be price makers.a. Trueb. False

Lenny D. · Accepted Answer

True, but the extent of there ability to influence price is limited by the number and closeness of substitutes.

True or False? Product differentiation allows monopolistic competitors to be price makers.