Value in diversity refers to the idea that,by providing a variety of differentiated choices,firms in monopolistic competition provide a gain to consumers.

Name: Value in diversity refers to the idea that,by providing a variety of differentiated choices,firms in monopolistic competition provide a gain to consumers.
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Question

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Value in diversity is a concept in monopolistic competition where firms provide a variety of differentiated choices that provide a gain to consumers. Therefore, the statement is true.

Value in Diversity Refers to the Idea That,by Providing a Variety