What Is the Most Likely Way for Consumers to Benefit

question 220

Multiple Choice

What is the most likely way for consumers to benefit because a firm uses a strategy of one product for multiple market segments?

• A)increased satisfaction of consumer wants and needs
• B)increased number of choices
• C)lower retail prices because of lower production costs
• D)improved service

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Definitions:

Principal-Employer

The primary entity or individual who employs and is responsible for the actions of their workers or agents.

Wrongful Acts

Actions or conduct that are unlawful or infringe upon someone's rights.

MRSxy

The marginal rate of substitution (MRSxy) is the rate at which a consumer is willing to trade off one good (x) for another (y) while maintaining the same level of utility.

MUx

Marginal Utility with respect to a good or service x, representing the additional satisfaction gained from consuming one more unit of it.