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Business, 21.08.2019 01:10 kaydrama2003

Product differentiation is employed only in a monopoly market structure. refers to the advantage big firms have in research and development. refers to firms’ attempts to make real or apparent differences in essentially substitutable products look different in the minds of consumers. refers to firms’ attempts to make their products look the same as other products in the industry. is a common characteristic of a perfectly competitive market structure.

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