Which of the following is NOT true of a product-market?
A) Competing suppliers offer close substitutes to satisfy needs.
B) Customers in a product-market have very similar needs.
C) Very different types of products may compete for consumer dollars.
D) Naming product-markets includes consideration of where the customers are.
Correct Answer:
Verified
Q85: A product-market is one in which
A)products from
Q86: Which of the following is LEAST likely
Q87: Which of the following is LEAST likely
Q88: Which of the following is the best
Q89: Which of the following is LEAST likely
Q91: What is the main difference between a
Q92: Which of the following is the best
Q93: A product-market is one in which
A)demand is
Q94: Which if the following describes a product-market
Q95: A product-market is a market in which
A)all
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