Because of product differentiation, firms
A) do not have to compete because their products are unique.
B) cannot compete on price.
C) can compete on the basis of quality.
D) are unable to compete by using advertising.
E) must compete on only price.
C
You might also like to view...
The sum of the number of employed people and the number of unemployed people equals the labor force of a country
a. True b. False Indicate whether the statement is true or false
"Beaten paths" from one country to another:
A. discourage migration to that country because of a perception that all of the good jobs have already been taken. B. discourage migration by increasing the cost of moving. C. encourage migration by providing employment contacts and job information. D. are more prevalent the greater the distance between the two countries.