Solved

Which If the Following Describes a Product-Market Most Accurately

Question 94

Multiple Choice

Which if the following describes a product-market most accurately?


A) Exchanges are based on barter rather than money.
B) One seller has a patent for a superior product and other firms try to imitate the leader the best they can.
C) All the customers want the same product but will consider a substitute if their preferred brand is not available.
D) Competing sellers offer physically or conceptually similar products.
E) No intermediaries operate in the market.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents