An attempt by a firm to convince buyers that its product is different from the products of other firms in the industry is:

A) tacit collusion.
B) product differentiation.
C) antitrust policy.
D) price leadership.

Product Differentiation

The method of differentiating a product or service from competitors in the marketplace to increase its appeal to a specific target audience.

Tacit Collusion

An unspoken, unofficial agreement between competitors to avoid certain actions or behaviors considered competitive, without explicit communication.