Multiple Choice
Which of the following is NOT true of a product-market?
A) Competing suppliers offer close substitutes to satisfy needs.
B) Customers in a product-market have very similar needs.
C) Very different types of products may compete for consumer dollars.
D) Naming product-markets includes consideration of where the customers are.
E) None of these alternatives is true.
Correct Answer:
Verified
Correct Answer:
Verified
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