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Author Question: Product differentiation that makes the product better for some consumers and worse for others is (Read 116 times)

Brittanyd9008

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Question 1

In well-functioning markets, all of the following reflect the degree of product variety 
except


◦ differences in consumers' tastes.
◦ cost economies from standardization.
◦ gains from network externalities.
◦ gains from coordination.

Question 2

Product differentiation that makes the product better for some consumers and worse for others is


◦ always welfare decreasing.
◦ vertical differentiation.
◦ horizontal differentiation.
◦ never undertaken by firms.


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Marked as best answer by Brittanyd9008 on Apr 19, 2019

kingfahad97

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kingfahad97

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