Through Product Differentiation,firms Attempt to Increase the

question 45

Multiple Choice

Through product differentiation,firms attempt to increase the

• A)demands for their products,while making its demand less elastic.
• B)supply of elasticities of competing products.
• C)price-elasticity of demand for their products.
• D)marginal costs of their competitors' production.

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Definitions:

Prejudice

A preconceived opinion or judgment about someone or something that is not based on reason or actual experience; often related to negative or discriminatory beliefs.

Self-fulfilling Prophecy

A belief or expectation that directly or indirectly causes itself to become true, due to positive feedback between belief and behavior.

Ethnocentrism

Ethnocentrism is the belief in the superiority of one's own ethnic group or culture, often accompanied by a disregard or contempt for other cultures.

Ageism

Prejudice and discrimination toward older people.