Product differentiation can be used by firms to do all of the following except

A) gain market share.
B) erect barriers to entry for potential firms.
C) provide consumers with commitment devices.
D) gain complete control over the price of their product.

Product Differentiation

The technique of making a product or service stand out from others in the industry to appeal more to a chosen target market.

Barriers To Entry

Factors that prevent new firms from entering and competing in imperfectly competitive industries.

Market Share

The proportion of the total sales or output produced in a market by a single company, often used as an indicator of competitiveness.