The Physical Location of a Firm Cannot Be a Source

question 66

True/False

The physical location of a firm cannot be a source of product differentiation.

---

Definitions:

Nominal Wage

The wage paid to labor in current dollar terms, without adjustment for inflation.

Goods and Services

The output of an economy that fulfills consumer needs, with goods being tangible products and services being intangible activities performed for consumers.

Nominal Wage

The amount of money paid to an employee without adjustments for inflation or purchasing power, expressed in current currency terms.

Real Wage

The purchasing power of an individual's earnings, taking into account the effects of inflation.