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Dean recently had a BRZ broadband connection installed. However, the connection was bad and he didn't get the quality he required. He contacted BRZ about the problem, but the company did not solve his problem. Dean switched to Blue Broadband. Which of the following was the cause of Dean's switching behavior?
Product Differentiation
The act of setting a product or service apart from others in order to increase its appeal to a designated target market.
Monopolistically Competitive
Describes a market structure where many firms sell products that are similar but not identical, allowing for some degree of market power and product differentiation.
Long-Run Demand Curve
A graphical representation showing the relationship between the quantity demanded of a good and its price over a long time period, considering adjustments in factors other than price.
Monopolistic Competitor
Refers to a market structure where many firms sell products that are similar but not identical, each having some control over its price due to product differentiation.
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