One of the outcomes for society from product innovation is
A)more concentration in industry.
B)less scientific research.
C)greater total utility.
D)fewer mergers.

Question

Quizplus · Accepted Answer

Product innovation often leads to the development of new and improved goods and services, which can increase consumer satisfaction and overall utility in society. This is because innovation can provide consumers with more choices and better quality products, enhancing their overall well-being and satisfaction.

One of the Outcomes for Society from Product Innovation Is