This assignment requires writing a short paper on a monopolistically competitive product, including identifying the product, discussing ways to increase its differentiation, and analyzing the potential impact on price and profits.

For this module your assignment is to write a short (2) page paper about a monopolisticly competitive product.
Specifically, in your paper you need to do the following:
Identify a product that is monopolisticly competitive.   Specifically, define what products it could be substituted for and also what characteristics make is differentiated from those products,
Discuss what the seller of the product could do to increase the differentiation of that product, and
Discuss what impact increasing the differentiation of that product would likely have on the products price and the seller’s profits earned from the product.
*Cannot use any sources
*No plagirism 
*No AI 
* This paper has to be original

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