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AP Microeconomics
Unit 4 – Imperfect Competition
Topic 4.5
In an oligopoly, firms may engage in non-price competition to gain a competitive advantage. Which strategy involves spending on advertising and promotional activities to differentiate a product?
Predatory pricing
Price leadership
Barrier to entry
Product differentiation
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AP Microeconomics - 4.5 Oligopoly and Game Theory
Key terms
Non-price competition
Oligopoly
Competitive Advantage
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About Us
About Fiveable
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Careers
Testimonials
Code of Conduct
Terms of Use
Privacy Policy
CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Crisis Text Line
Request a Feature
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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