Economic implication of the benefit of markets

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Reference no: EM13817200

Question:

Any large grocery store carries at least seven different kinds of corn chips--baked, fried, salsa-flavored, white, yellow, blue, and lime-flavored.

When is product differentiation real and when is it an illusion?

Is there an objective universal answer to a?

Are there any individually objective answers to a and b?

Does your answer to c tell you anything about the economic implication of the benefit of markets?

Reference no: EM13817200

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