Product differentiation occurs when:  (1) A completely new process is used to produce a familiar product; (2) Different prices are charged for the same good in different markets; (3) Buyers perceive differences in the products of several companies; (4) A firm produces many different goods.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
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Chapter1: Making Economics Decisions
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Product differentiation occurs when: 
(1) A completely new process is used to produce a familiar product;
(2) Different prices are charged for the same good in different markets;
(3) Buyers perceive differences in the products of several companies;
(4) A firm produces many different goods.

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