Why do differentiated products often have a higher price than fungible products? -Differentiated products are sold under limited supplies, so the amount of demand sets the price.

-Differentiated products are perceived as superior to others and command a higher price.

-Differentiated products are made with higher quality ingredients and people pay more for better.

-Differentiated products are mixed together with like products and sold at a high market price.

Read the scenario. alfonso is 19 years old and has a high school diploma. recently, he was promoted to assistant manager at the fast-food restaurant where he has worked since the age of sixteen. his dream is to become the restaurant’s manager. what is his best option for achieving his dream? he should find another job and work his way up to a higher position. he should hope that his manager transfers to another location and that he is his replacement. he should attend classes at the local college to receive training in management. he should work hard, work longer hours, and remain assistant manager.