Differentiation Is a Natural and Necessary Consequence of the Vertical

question 77

True/False

Differentiation is a natural and necessary consequence of the vertical division of labour.

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Definitions:

Nonrivalry

A characteristic of a good or service where one person's use does not diminish the availability or value for others, common in public goods.

Nonrival Consumption

A characteristic of certain goods where one person's use does not diminish the availability or quality of the good for others.

Rival Consumption

A situation where one person's consumption of a good reduces the ability of another person to consume the same good.

Nonexcludable

A characteristic of a good or service indicating that it is not possible to prevent non-paying customers from accessing it.