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

Name: Value in diversity means that by providing a variety of differentiated choices, firms in monopolistic competition provide a gain to consumers.
Brand: Quizplus
Rating: 4.9 (37 reviews)

Question

Quizplus · Accepted Answer

Value in diversity refers to the benefit consumers receive from having a variety of products to choose from, which is a characteristic of monopolistic competition where firms offer differentiated products.

Value in Diversity Means That by Providing a Variety of Differentiated