Recognize situations in which both the parties in a barter economy have to agree to sell and buy each others commodities ? What is it called
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The situation mentioned in case of a barter economy is called Double Coincidence of Wants.
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What a firm achieves by differentiating its product from competitors is to create a market in which it can act as a monopoly, enabling them to have price-making power. ... Nevertheless, product differentiation can also be a way to avoid or to create entry barriers and thus become a source of competitive advantag
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