When the emergence of new substitutes reduces the demand for a given product, the product's producer may benefit from:
A)raising product price.
B)reducing the switching cost for its product.
C)reducing barriers to entry into the market.
D)pursuing new complement opportunities.

Question

Quizplus · Accepted Answer

Pursuing new complement opportunities can create additional value for the product, potentially increasing demand by enhancing its utility or appeal when used with complementary goods.

When the Emergence of New Substitutes Reduces the Demand for a Given