Question

In its advertisements, PaPa John's Pizza tells potential customers that its pizzas are made with fresher ingredients than competitors' pizzas. The goal of this strategy is to achieve:__________.

A. product differentiation. 100%
B. an equilibrium price.
C. a monopsony.
D. a perfectly competitive market.

Answer 1

Answer:

A. product differentiation

Explanation:

Product differentiation is making a good or service different from that of compettitors in order to attract customers.

Equilibrium price is the price at which the demand curve is equal to the supply curve.

a monopsony is where there's only one buyer in the market.

A perfectly competitive market is when there are many buyers and sellers of homogenous goods and services.

I hope my answer helps you