Social Studies, 02.12.2019 17:31 Anikarenee
Glen found three brands of earbuds that have the specifications he wants. the three pairs of earbuds looked a bit different from each other, but glen knew they would perform similarly. still, each company offered its earbuds at a different price. what economic concept does this situation represent?
1.collusion
2.product differentiation
3.price-fixing
4.natural monopoly
Answers: 3
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Glen found three brands of earbuds that have the specifications he wants. the three pairs of earbuds...
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