The number of brands of identical products will most likely increase as
A) the number of informed consumers increases.
B) the cost of producing many brands decreases.
C) the number of uninformed consumers decreases.
D) None of the above.

Question

Quizplus · Accepted Answer

When the cost of producing many brands decreases, companies can afford to produce more brands of identical products without significantly increasing their production costs. This creates more competition among brands and increases the number of options available to consumers.

The Number of Brands of Identical Products Will Most Likely