McqMate
Q. |
Product differentiation refers to the: |
A. | ability of the buyers of a product to negotiate a lower price. |
B. | response of incumbent firms to new entrants. |
C. | belief by customers that a product is unique. |
D. | fact that as more of a product is produced the cheaper it becomes per unit. |
Answer» C. belief by customers that a product is unique. |
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