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The Market in Which a Consumer Product Competes Is, in Reality

Question 34

Multiple Choice

The market in which a consumer product competes is, in reality:


A) Precisely defined, with a specific analysis of products, markets, and rivals
B) A continuum, with no clearly defined boundary
C) The market for all products which consumers may choose to spend their money on, in some sense.
D) Answers b and c

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