Question: 1- When Washington Widgets first started out, it used to cost the company $87.50 to manufacture its premier product. Now, the same product costs just

1- When Washington Widgets first started out, it used to cost the company $87.50 to manufacture its premier product. Now, the same product costs just $48 to manufacture. This reduction in production costs demonstrates the effects of

2- Horizontal differentiation can be described as the

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