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 can lead to the creation of new products that provide greater utility for consumers, leading to increased overall satisfaction and welfare for society. This can be seen through advancements in technology, medicine, and other fields. The other options are not necessarily outcomes of product innovation.

One of the Outcomes for Society from Product Innovation Is