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. by keeping prices low by offering promotions by advertising by cultivating brand loyalty by overcoming barriers to entry by developing a specific image

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

Answer

Brief Explanations:

Producers in oligopolies use various strategies to create competition. Keeping prices low can attract customers from rivals. Promotions like discounts or free - gifts can also draw in consumers. Advertising helps in making products more visible and appealing. Cultivating brand loyalty makes customers stick to a particular brand, which is a form of competition. Developing a specific image differentiates a product in the market. Overcoming barriers to entry is more about market entry for new firms rather than a strategy by existing oligopoly producers to create competition.

Answer:

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