Examlex
What is the total length of two pieces of tubing which measure 4.5 cm and 3.222 cm? Express the answer to the correct number of significant figures.
Network Externalities
The value of a product to a consumer increases with the number of that product being sold or used in the market.
Product Variety
The range of different products or services offered by a company or available in a market.
Cost Economies
Refers to economies of scale where the average cost per unit of production decreases as the volume of production increases.
Horizontal Differentiation
Products differ in ways that make them better for some people and worse for others.
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