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Author Question: In well functioning markets, the degree of product variety reflects which of the following? (Read 56 times)

Sufayan.ah

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on: Apr 19, 2019

Question 1

Monopolistically competitive firms use product differentiation to


◦ ensure long-run profits.
◦ achieve market power.
◦ block other firms from entering the industry.
◦ limit the number of firms in the industry.

Question 2

In well functioning markets, the degree of product variety reflects which of the following?


◦ similar preferences in consumers' tastes
◦ cost diseconomies from standardization
◦ gains from network externalities
◦ gains from coordination
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by Sufayan.ah on Apr 19, 2019

rleezy04

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Sufayan.ah

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Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

zacnyjessica

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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