Growing technological sophistication of consumer goods tends to

Question

Quizplus · Accepted Answer

The growing technological sophistication of consumer goods tends to increase the benefits of having information about these goods, thereby shifting the marginal benefit of information curve to the right. As consumers have more access to information about the goods they are purchasing, they can make more informed decisions, which can lead to increased utility and satisfaction. However, this technological sophistication may also increase the cost of obtaining information, but this is not reflected in the question, so option D cannot be chosen.

Growing Technological Sophistication of Consumer Goods Tends to