Which of these practices describe how producers in oligopolies generally try to create competition? Check all that apply. \( \square \) by keeping prices low by offering promotions by advertising by cultivating brand loyalty by overcoming barriers to entry by developing a specific image

Producers in oligopolies typically engage in various competitive practices to gain market share and differentiate themselves from their rivals. Here are the practices that **do** describe how producers in oligopolies create competition: - **By offering promotions**: Promotions can attract customers and incentivize them to choose one brand over another. - **By advertising**: Advertising helps increase brand visibility and can influence consumer preferences. - **By cultivating brand loyalty**: Building strong brand loyalty ensures a stable customer base and reduces the likelihood of customers switching to competitors. - **By developing a specific image**: Creating a unique brand image helps differentiate a company's products from those of its competitors. The following practices **do not** typically describe how producers in oligopolies create competition: - **By keeping prices low**: While some firms may engage in price competition, oligopolies often avoid price wars to maintain stable profits. - **By overcoming barriers to entry**: This is more about maintaining the oligopoly structure by preventing new competitors from entering the market, rather than creating competition within the existing market. **Selected Practices:** - By offering promotions - By advertising - By cultivating brand loyalty - By developing a specific image