Competitors who make themselves identical to appeal to the maximum number of voters illustrate the
A)principle of maximum differentiation.
B)principle of minimum differentiation.
C)principle of rational ignorance.
D)principle of nonrivalry.
E)principle of excludability.

Question

Quizplus · Accepted Answer

Competitors who make themselves identical to appeal to the maximum number of voters illustrate the principle of minimum differentiation. This strategy is common in markets with many competitors where firms strive to appeal to the largest possible audience by offering products or services that are very similar to those of their rivals, with only minor differences in price or quality.

Competitors Who Make Themselves Identical to Appeal to the Maximum