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The answer is letter b.
GDP is the total monetary value of all the finished goods and services produced in a country in a given period. It is usually calculated in an annual basis, but can be calculated quarterly-basis.
Answer:
A. there is little room for price variations from the competition
Explanation:
When a company's product cannot be easily differentiated from competitors' products, it means that these companies sell homogenous products; the features and purpose are very similar to the customers and they would see little opportunity cost when they chose one over the other. The sellers are therefore price takers in the market and their sales revenues will depend on forces of demand and supply. Therefore, there is little room for price variations from their competitors.
