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Business, 01.03.2021 21:00 sherlyngaspar1p9t3ly

Why do differentiated products often have a higher price than fungible products? -Differentiated products are sold under limited supplies, so the amount of demand sets the price.

-Differentiated products are perceived as superior to others and command a higher price.

-Differentiated products are made with higher quality ingredients and people pay more for better.

-Differentiated products are mixed together with like products and sold at a high market price.

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