In the example of the representative consumer with a homogeneous product a. There can be either a
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Question:
a. There can be either a small or a large variety of products when they are differentiated but not good.
b. Price and variety in monopolistic competition with differentiated products are good
c. There is always a small variety of products, but not a good one
d. There is always a large variety of products, but not a good one
Related Book For
Management Accounting
ISBN: 9780730369387
4th Edition
Authors: Leslie G. Eldenburg, Albie Brooks, Judy Oliver, Gillian Vesty, Rodney Dormer, Vijaya Murthy, Nick Pawsey
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