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When There Are Many Substitutes Available for a Particular Product

Question 50

Multiple Choice

When there are many substitutes available for a particular product, consumers:


A) judge the quality of the substitute product based on the supply of each substitute.
B) perceive individual products to have poor durability.
C) can easily switch from one product to another.
D) are sensitive to changes in the supply of substitute products that belong to new brands.

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