Question: What is product differentiation? Multiple Choice consumers who sort and group goods based on similar characteristics. firms who offer similar products to their competitors' products,

What is product differentiation?
Multiple Choice
consumers who sort and group goods based on similar characteristics.
firms who offer similar products to their competitors' products, but that are more attractive in some way.
the process of informing the public of differences in products as a result of error.
the process of creating a standardized product with a lower-cost method than the competitors' method

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