Suppose you obtained the following regression results, where the starred (*) coefficients are statistically significant. What could you say about the bases of product differentiation in this market?...

Suppose you obtained the following regression results, where the starred (*) coefficients are statistically significant. What could you say about the bases of product differentiation in this market? (Hint: A regression coefficient is statistically significant when it is so large that its effect is very unlikely to have emerged by chance.)

House Price = 125,000* + 15,000*1More than three bedrooms2

+ +18,000*1More than 3,500 square feet2

+ +1501Has plumbing2 + +1801Has lawn2

+ 17,000*1Lot larger than 1/2 acre2

How much would you expect to pay for a four-bedroom, 3,800-square-foot house on a one-acre lot? How much for a four-bedroom, 2,700-square-foot house on a quarter-acre lot? Do these results say anything about the sustainability of competitive advantages in this market?