Which of the following is true of product differentiation?

product differentiation increases information asymmetry in a market.

product differentiation reduces price differentials among competing goods by informing consumers about the features of a product.

product differentiation can be based on perceived differences among products.

product differentiation is the process of determining the optimal production of various products by a multi-product firm.

firms in a perfectly competitive market practice product differentiation to attract consumers.

Jaguar has full manufacturing costs of their s-type sedan of £22,803. they sell the s-type in the uk with a 20% margin for a price of £27,363. today these cars are available in the us for $55,000 which is the uk price multiplied by the current exchange rate of $2.01/£. jaguar has committed to keeping the us price at $55,000 for the next six months. if the uk pound appreciates against the usd to an exchange rate of $2.15/£, and jaguar has not hedged against currency changes, what is the amount the company will receive in pounds at the new exchange rate?