Assume that consumers who shop for single-family homes do not consider condos. Also assume that consumers who wish to purchase condos do not look at single-family homes. Based on these assumptions we can argue that these are two different markets.

Question

Quizplus · Accepted Answer

Given the distinct preferences and non-overlapping consumer bases, single-family homes and condos cater to different segments, thus constituting separate markets.

Assume That Consumers Who Shop for Single-Family Homes Do Not