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Which If the Following Describes a Product-Market Most Accurately

Question 145

Multiple Choice

Which if the following describes a product-market most accurately?


A) Exchanges are based on barter rather than money.
B) One seller has a patent for a superior product and other firms try to imitate the leader the best they can.
C) All of the customers want the same product but will consider a substitute if their preferred brand is not available.
D) Competing sellers offer physically or conceptually similar products.
E) A market in which no intermediaries operate.

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