Horizontal Differentiation Occurs When

question 33

Multiple Choice

Horizontal differentiation occurs when:

• A)one product is always considered superior to the other across a broad spectrum of consumers.
• B)some consumers consider a company's product or group of products to be superior to another company's product or group of products, but not all consumers have the same viewpoint.
• C)an inventor in the telecom industry comes up with a completely new and innovative product.
• D)the demand curve is horizontal in an oligopolistic industry.

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Definitions:

Displacement

A psychological defense mechanism where emotions are transferred from one object or person to another less threatening object or person.

Economic Failure

A situation where an economy fails to meet its expected outcomes, leading to widespread financial difficulties for its population.

Defense Mechanism

Psychological strategies brought into play by the unconscious mind to protect itself from anxiety and unacceptable impulses.

Regression

Regression is a statistical method used to determine the strength and character of the relationship between one dependent variable and one or more independent variables.