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In: Economics

10-bb. List and explain the characteristics of product differentiation. Provide 3 examples of companies actually using...

10-bb. List and explain the characteristics of product differentiation. Provide 3 examples of companies actually using this technique and the impact of that differentiation had on the firms’ performance.
Relatively Large Number of Sellers-
Not Price Makers-
No collusion-
Easy Entry and Exit-
Economies of scale-
Non-Price competition
Independent action-
Differentiated Products-

Please help me in explaining the characteristics above.

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Expert Solution

Rahul Sunny answered 2 years ago
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