Which of the following is NOT an example of product differentiation?
A) A publisher that prints out-of-print books for a customer.
B) A local pub where the bartenders put on a juggling act with the bottles before they mix your drink.
C) Corn from an Iowa cornfield vs.corn from an Illinois cornfield.
D) The Fudge Factory where the workers sing and tell jokes while they make fudge.
Correct Answer:
Verified
Q81: In the long run the monopolistic competitor
A)charges
Q82: Q83: A monopolistically competitive industry has Q84: The demand curve for monopolistic competitive firms Q85: Statement I: The trend toward customization is Q87: If this firm produced at its most Q88: Monopolistic competition is similar to perfect competition Q89: Which statement is true? Q90: You could conclude that Q91: Monopolistic competition may lead to each of
A)a differentiated product
A)Price discrimination eliminates all
A)new firms will enter
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