ECONOMICS
COMPETITION AND MARKET STRUCTURES
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Question
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When companies will compete through ways other than lower prices such as p hysical Characteristics-offering a different color, size, shape, texture, or taste, better l ocation-where they know they have less competition, differing s ervice levels, and a dvertising, image, or status.
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Nonprice competition
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price competition
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differentiation
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NONE of these
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Explanation:
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