In general, consumers' valuation of additional units of quality increases as more units of quality are included in a product.

Name: In general, consumers' valuation of additional units of quality increases as more units of quality are included in a product.
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Question

Quizplus · Accepted Answer

In general, consumers' valuation of additional units of quality tends to decrease as more units of quality are included in a product, reflecting the principle of diminishing marginal utility.

In General, Consumers' Valuation of Additional Units of Quality Increases