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.)
How much would you expect to pay for a four-bedroom, 3,800-square-foot house on a oneacre 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?
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