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meganA meganA
wrote...
Posts: 448
5 years ago
A firm that successfully differentiates its product or lowers its average cost of production creates

• value for its customers.

• entry barriers into its market.

• a perfectly inelastic demand curve for its product.

• economies of scale.
Textbook 
Microeconomics

Microeconomics


Edition: 7th
Authors:
Read 33 times
3 Replies

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Replies
wrote...
5 years ago
value for its customers.
meganA Author
wrote...
5 years ago
This site is awesome!
wrote...
5 years ago
Slight Smile Good luck on the rest
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