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A Basic Difference Between a "Generic Market" and a "Product-Market

Question 57

Multiple Choice

A basic difference between a "generic market" and a "product-market" is:


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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