A product that is a close substitute but not a perfect substitute for the products of the other ...

Author Question: A product that is a close substitute but not a perfect substitute for the products of the other ... (Read 73 times)

lunatika

Hero Member
Posts: 548

on: Jun 29, 2018

A product that is a close substitute but not a perfect substitute for the products of the other firms is called

A) a homogeneous product.
B) an efficient product.
C) a differentiated product.
D) an inelastic product.

Question 2

Food is an example of a ________ good.

A) nonrival and nonexcludable
B) rival and excludable
C) nonrival and excludable
D) rival and nonexcludable

mistyjohnson

Sr. Member
Posts: 331

Reply #1 on: Jun 29, 2018

Answer to Question 1

C

Answer to Question 2

B

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