The Greatest Benefits to Consumers When a Firm Chooses a One

question 26

Multiple Choice

The greatest benefits to consumers when a firm chooses a one product multiple market strategy is __________.

• A)improved service
• B)increased number of choices
• C)higher product quality and consumer value
• D)lower retail prices because of lower marketing costs
• E)lower retail prices because of lower production costs

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Definitions:

Water Users

Individuals or groups that utilize water resources for purposes such as agriculture, industry, or domestic use.

Marginal Social Benefit

The incremental value for society resulting from the creation of an additional unit of a good or service.

Marginal Social Cost

The comprehensive expense to society for producing an extra unit of a good or service, encompassing both individual costs and external ones.

Pollution

The introduction of contaminants into the natural environment, causing adverse change.