Product differenciation in a monopolistical market:

Question

If the toothpaste market is monopolistically competitive, product differentiation will take place in which of the following forms?

a) different varieties of toothpaste -- including whitening agents

b) differentiation in the locations that certain toothpastes are available

c) quality differences among the various brands

d) all of the above

Answer 1

a) different varieties of toothpaste -- including whitening agents

Answer 2

d) all of the above

These are all tools used in monopolistic competition.