Which of the Following Is NOT True of a Product-Market

question 255

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.

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