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ProductA good or service that is produced.Similar MatchesProduction possibility curveProduction possibility curveSee production possibility frontier. Differentiated productDifferentiated product1. A firm's product that is not identical to products of other firms in the same industry. Contrasts with homogeneous product. 2. Sometimes applied to products produced by a country, even though there are many firms within the country whose products are the same, if buyers distinguish products based on country of origin. This is called the Armington assumption. Production rateProduction rateThe coupon rate at which a pass-through security guaranteed by Ginnie Mae is issued. Multistage productionMultistage productionAnother term for fragmentation. Used by Dixit and Grossman (1982). Digital ProductsDigital ProductsDigital products are intangible products that can be transferred over a digital network. They have zero copy costs, and users can make perfect copies. The cost structure of digital products (high fixed costs that are sunk, and tending towards zero marginal costs) in conjunction with the above features changes the economics of digital products vs. traditional goods. Further SuggestionsProduction externalityGross domestic product (GDP) Neoclassical production function Intra-product specialization Middle product Average product Edgeworth Production Box Product Differentiation Value marginal product Total factor productivity Primary product Marginal product Investment product line (IPL) Production possibility frontier Net national product Production Cost Advantage Production possibilities schedule Directly Unproductive Profit-Seeking Activities Current production rate Productivity Product cycle Gross national product gross domestic product Product life cycle Product differentiation |
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