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Business, 18.11.2019 22:31 carolinerosewillis

Which of the following is true of product differentiation?

product differentiation increases information asymmetry in a market.

product differentiation reduces price differentials among competing goods by informing consumers about the features of a product.

product differentiation can be based on perceived differences among products.

product differentiation is the process of determining the optimal production of various products by a multi-product firm.

firms in a perfectly competitive market practice product differentiation to attract consumers.

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Which of the following is true of product differentiation?

product differentiation incr...
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