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Business, 09.02.2021 01:40 nayashuntel
Why do differentiated products often have a higher price than fungible products?
-Differentiated products are sold under limited supplies, so the amount of demand sets the price.
-Differentiated products are perceived as superior to others and command a higher price.
-Differentiated products are made with higher quality ingredients and people pay more for better.
-Differentiated products are mixed together with like products and sold at a high market price.
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Why do differentiated products often have a higher price than fungible products?
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