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One Basic Difference Between a Generic Market and a Product-Market

Question 152

Multiple Choice

One basic difference between a generic market and a product-market is seen in


A) whether or not sellers in the market rely on e-commerce.
B) how similar the competing sellers' products are.
C) whether customer needs are similar or different.
D) whether the market includes only buyers-or both buyers and sellers.
E) There is no difference-the terms mean the same thing.

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