a.) Explain what determines the number of varieties produced by firms in at least TWO models of

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a.) Explain what determines the number of varieties produced by firms in at least TWO models of product differentiation. (25 marks)

b.)Give an example of an industry where firms could produce differentiated products. What factors in this industry affect the number of varieties produced? Explain whether youwould advise a new entrant in this industry to mimic an existing firm's product or try to finda niche. (25 marks)

Posted Date: Jun 23, 2024 07:02 AM

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a.) Explain what determines the number of varieties produced by firms in at least TWO models of

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