Which of the Following Statements Is True

question 120

Multiple Choice

Which of the following statements is true?

• A)A cost of differentiating one's product from another is that some consumers will stop buying it.
• B)Economists are very good at identifying the proper amount of differentiation to bring about maximum benefit to society.
• C)There is no advantage to making one's product slightly different from another successful product.
• D)Product differentiation will succeed only if an existing firm is driven from the market.
• E)Most firms trying to establish themselves try to copy the competition.

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Definitions:

Lack of Possession

The absence of physical custody or control over an object, property, or asset that one might legally own or have rights to.

Holder in Due Course

A party who has acquired a negotiable instrument in good faith and for value, thereby obtaining rights to it free from certain defenses.

Golden Retriever Puppy

A young dog of the Golden Retriever breed, known for its friendly, tolerant attitude and golden-colored coat.

Paper Route

historically refers to a job involving the delivery of newspapers to a specific route of homes or businesses, often carried out by children or young adults.