A company producing an undifferentiated product and competing with internationally diversified competitors will face a relatively ___ price elasticity of demand for its products and possess a relatively ___ degree of pricing flexibility.

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An undifferentiated product is a product that does not have any unique features that differentiate it from its competitors. This means that the product is easily substitutable and consumers are more price sensitive. In addition, competing with internationally diversified competitors means that there are many alternatives available to consumers. Therefore, a company producing an undifferentiated product and competing with internationally diversified competitors will face a relatively high price elasticity of demand for its products and possess a relatively low degree of pricing flexibility.

A Company Producing an Undifferentiated Product and Competing with Internationally