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Which of the following best describes voluntary standards?
Cost Data
Information regarding the expenses incurred in the production, operation, or undertaking of a project, activity, or product.
Monopolistically Competitive
An arrangement in the economy where countless firms are selling products that look similar but are unique, thus permitting them a slight advantage in the market.
Product Differentiation
The method of differentiating a product or service to appeal more to a specific target market.
Differentiation
The process of distinguishing a product or service from others to make it more attractive to a particular target market.
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