A benefit of nonprice competition to the consumer includes:
A)increased product selection
B)decreased entry barriers
C)decreased prices through decreased per-unit costs
D)an overall increase in market power for established firms
E)increased entry barriers

Question

Quizplus · Accepted Answer

Nonprice competition can lead to firms offering a wider range of product choices, as they try to differentiate their products from their competitors. This benefits consumers by giving them more options to choose from.

A Benefit of Nonprice Competition to the Consumer Includes