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

Explanation:

In oligopolies, producers use various strategies to gain an edge. Keeping prices low attracts customers away from competitors. Promotions like discounts or buy - one - get - one - free deals draw in consumers. Advertising helps in making the product more visible and appealing. Cultivating brand loyalty can make customers stick to a particular firm's products. Developing a specific image (e.g., luxury or eco - friendly) differentiates the product in the market. Overcoming barriers to entry is more about entering a market rather than creating competition once in an oligopoly.

Answer:

by keeping prices low
by offering promotions
by advertising
by cultivating brand loyalty
by developing a specific image