Explain what the term differentiation

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Explain what the term “Differentiation” is and why it is important for Monopolistic Competitors to differentiate their product. Give examples of 5 different real-world businesses and how they attempt to differentiate their product.

Think of oligopolies like General Motors and Ford and explain why the condition of “mutual interdependence” exists. Show me that you understand the definition of “Mutual interdependence.”

Reference no: EM131098480

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