Question: What does (successful) product differentiation do to its demand curve? Does a differentiation strategy enable firms to earn economic profits in the short-run? What about

What does (successful) product differentiation do to its demand curve?

Does a differentiation strategy enable firms to earn economic profits in the short-run? What about in the long-run?Explain both of your answers

Does differentiation matter in a Bertrand oligopoly? Explain

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