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    Differentiating Outputs and Lowering Costs at the Same Time

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    Is it possible for a business to differentiate its outputs and lower its costs simultaneously? Explain. WARNING: Cost is not the same thing as Price; do not use the two terms interchangeably.

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    It is possible for a business to differentiate its output and lower its costs simultaneously. If a firm differentiates its output then it cannot produce high volumes of standardized product. The opportunity for lower costs through economies of scale is lost if the business differentiates its ...

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    The answer to this problem explains Differentiating Outputs and Lowering Costs at the same time . The references related to the answer are also included.

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