Other Than by Adjusting Price, the Two Main Ways in Which

Multiple Choice

Other than by adjusting price, the two main ways in which a firm in monopolistic competition competes with other firms are by ________ and ________.

A) innovation and product development; advertising
B) taking surveys to discover the wants of its consumers; opening up new retail outlets
C) changing its method of production; relocating its factories to areas with lower wage rates
D) decreasing its workforce; using new technology
E) advertising; producing the efficient quantity