which of these practices describe how producers in oligopolies generally try to create competition? check…

$which of these practices describe how producers in oligopolies generally try to create competition? check all that apply.\n□ by keeping prices low\n□ by offering promotions\n□ by advertising\n□ by cultivating brand loyalty\n□ by overcoming barriers to entry\n□ by developing a specific image$

which of these practices describe how producers in oligopolies generally try to create competition? check all that apply.\n□ by keeping prices low\n□ by offering promotions\n□ by advertising\n□ by cultivating brand loyalty\n□ by overcoming barriers to entry\n□ by developing a specific image

Answer

Answer:

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

Brief Explanations:

Producers in oligopolies use these strategies to attract customers and gain a competitive edge. Keeping prices low makes products more appealing. Promotions draw in consumers. Advertising spreads awareness. Cultivating brand - loyalty ensures repeat business. Developing a specific image differentiates the product in the market. Barriers to entry are usually maintained rather than overcome in oligopolies to limit competition.