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Product differentiation that makes the product ________ is horizontal differentiation.

mbowdish

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Product differentiation that makes the product ________ is horizontal differentiation.

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

Edition: 12^th

Authors: Case, Fair, Oster

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