A differentiated product has
A) many perfect substitutes.
B) no close substitutes.
C) no substitutes of any kind.
D) close but not perfect substitutes.
E) many different complements.

Question

Quizplus · Accepted Answer

A differentiated product has close but not perfect substitutes. This means that there are other products that can fulfill a similar need, but they are not identical to the original product. For example, different brands of cola would be considered differentiated products because they are all similar but not identical, and consumers may have a preference for one brand over another.

A Differentiated Product Has