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Author Question: Product differentiation can be used by firms to do all of the following except (Read 77 times)

WWatsford

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Question 1

Product differentiation that makes the product better than a rival's product from everyone's perspective


◦ always increases welfare.
◦ is known as vertical differentiation.
◦ is known as horizontal differentiation.
◦ makes the rival's product obsolete.

Question 2

Product differentiation can be used by firms to do all of the following 
except


◦ gain market share.
◦ erect barriers to entry for potential firms.
◦ provide consumers with commitment devices.
◦ gain complete control over the price of their product.


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Marked as best answer by WWatsford on Apr 19, 2019

trampas

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WWatsford

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Reply 2 on: Apr 19, 2019
Gracias!


rleezy04

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Reply 3 on: Yesterday
Excellent

 

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