Which of the Following Statements Is True

question 97

Multiple Choice

Which of the following statements is true?

• A)Economists do not know if optimal product differentiation is achieved.
• B)According to the theory of monopolistic competition, the cost of product differentiation is that firms often suffer losses.
• C)Methods to measure the benefits of product differentiation are well developed.
• D)Product differentiation has its costs, but it does not result in any benefit.
• E)Product differentiation is always desirable for consumers.

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