One common assumption in economics is that the products of different firms in the same industry are

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One common assumption in economics is that the products of different firms in the same industry are indistinguishable. For each of the following industries, discuss whether this is a reasonable assumption:

a steel b novels c wheat d fast food.

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Principles Of Microeconomics [Australia And New Zealand Edition]

ISBN: 9781337408066

6th Edition

Authors: Joshua Gans, Stephen King, Martin Byford, N. Gregory Mankiw

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Question Posted: Nov 02, 2024 04:00 AM

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One common assumption in economics is that the products of different firms in the same industry are

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Principles Of Microeconomics [Australia And New Zealand Edition]

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