A producer will want to differentiate his or her product somewhat from other producers' similar products because
A) no producer has production facilities exactly like those of other producers.
B) of government trademark protections.
C) different consumers have different wants and needs, and the producer may be able to fill a niche.
D) doing so guarantees that someone will buy it.
E) one must be careful not to flatter the competition by copying their product.
Correct Answer:
Verified
Q2: Which of the following statements is true?
A)Economists
Q3: Product differentiation refers to
A)sellers' price differences for
Q4: The term that best describes the behavior
Q5: In a monopolistically competitive market, firms produce
A)an
Q6: Product differentiation is important only for final
Q7: Product differentiation is
A)the ability of consumers to
Q8: In an oligopoly, there is limited entry.
Q9: Product differentiation is most important to
A)monopolistic competition.
B)perfect
Q10: One way in which oligopoly differs from
Q11: The economically desirable thing about product variety
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