Toothpaste and toilet paper manufacturers often engage in monopolistic competition practices. Rather than change the products themselves, producers change the packaging, the design, or simply claim through advertising that their product is best.
replied to: aseforlife
Replied to: Toothpaste and toilet paper manufacturers often engage in monopolistic competition practices....
The restaurant industry is another example of monopolistic competition, especially in the fast food industry in which all services are basically the same, but are marketed differently, and there exists a perception that some fast food restaurants must be better than others.
