Which of the Following Statements Is Correct

question 73

Multiple Choice

Which of the following statements is correct?

• A)There is a trade-off between product variety and allocative efficiency.
• B)Product variety and allocative efficiency are complementary; increasing one enhances the other.
• C)There is no relationship between product variation and allocative efficiency.
• D)Greater excess capacity reduces firms' ability to differentiate products.

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Definitions:

Enumerated Constant

A symbolic name for a series of constant values typically defined in an enumeration type.

Conditional Operator

A ternary operator that provides a shorthand way to write if-else statements, evaluating a condition and returning one of two values.

Conditional Expression

A conditional expression, often using the ternary operator ?:, evaluates to one of two values depending on the truth value of a specified condition.