The presence of differentiated products characterizes a ___ price environment.
A) market-controlled
B) company-controlled
C) government-controlled
D) self-regulated

Question

Quizplus · Accepted Answer

Differentiated products are a hallmark of a company-controlled price environment, where firms have some power to set prices above marginal cost due to the unique aspects of their products.

The Presence of Differentiated Products Characterizes a ___ Price Environment