Which of the following describes a differentiated product?
a. A product that consumers perceive as distinctive in some way
b. A product that lacks many competitors in a market or industry
c. A product that is produced and sold in a niche market
d. A product that is produced by a natural monopolist
a. A product that consumers perceive as distinctive in some way
A differentiated product is a product that consumers perceive as distinctive in some way.
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An open market purchase of Treasury securities by the Federal Reserve causes the reserves of banks to rise
Indicate whether the statement is true or false
The multiplier will be greater, other things being equal: a. the smaller the fraction of each dollar earned that goes to taxes
b. the larger the MPC. c. the smaller the fraction of each dollar of disposable income that goes to saving. d. all of the above are true.