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CDs and cassette tapes are generally considered substitute goods because they both serve the same primary function of playing music, allowing consumers to choose one over the other based on preferences like sound quality or convenience. However, they can also be seen as complementary goods for collectors or enthusiasts who might use both formats to enjoy a broader range of music or to appreciate the unique characteristics of each medium. Ultimately, the classification depends on the context of consumer behavior.

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1mo ago

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