Amanda goes to the toy store to buy 1 ball and 3 different board games. If the toy store is stocked with 3 types of balls and 6 types of board games, how many different selections of the 4 items can Amanda make?

Why is the type of product sold in an industry an important characteristic? a firm that can differentiate its product from that of rivals may be able to charge a higher price for a superior product. a firm that sells intangible goods is usually considered a monopoly. service industries cannot differentiate their products, which makes it easy for new firms to enter the industry. expensive products are usually sold by perfectly competitive firms.