Three Types of Product Differentiation

(a) Identify two market structures in which product development and product differentiation is an important type of competition for firms operating in those market conditions.

(b) Provide examples of three types of product differentiation that could help make a firm in a particular industry more competitive.

Solution Summary

The solution identifies market structures where product development and product differentiation are used as competitive tools. The three types of product differentiation were also discussed. This solution is 388 words with seven references.