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mbowdish mbowdish
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4 years ago

Question 1.

In well functioning markets, the degree of product variety reflects which of the following?



▸ similar preferences in consumers' tastes

▸ cost diseconomies from standardization

▸ gains from network externalities

▸ gains from coordination

Question 2.

Product differentiation that makes the product ________ is horizontal differentiation.



▸ more similar to the rival's product

▸ better than a rival's product from everyone's perspective

▸ better for some consumers and worse for others

▸ less expensive to produce than the rival's product
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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ShayT0923ShayT0923
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4 years ago
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mbowdish Author
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4 years ago
Thank you, thank you, thank you!
SlimyPencil
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You make an excellent tutor!
hpascoe
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2 hours ago
Correct Slight Smile TY
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