Assignment:
Q1. In which industries is product differentiation important? Provide two examples.
Q2. What makes firms locate close to each other in the product space? And what makes them differentiate themselves from their competitors?
Q3. When is vertical product differentiation present in an industry? Discuss demand and cost characteristics.
Your answer must be, typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.