The Case for Product Differentiation Does NOT Include the Fact

question 94

Multiple Choice

The case for product differentiation does NOT include the fact that

• A) products that satisfy a real demand survive.
• B) standards of living rise with product innovation.
• C) new products satisfy people with different preferences.
• D) it wastes society's scarce resources.

---

Definitions:

Intestacy Laws

Legal provisions that dictate the distribution of a deceased person's estate in the absence of a will.

Per Stirpes

is a legal term used in wills and estate planning that describes how assets are divided among heirs, according to branches of the family.

Intestacy Laws

The body of law that governs the distribution of a deceased person's estate when they die without a valid will.

Estate

The collective assets and liabilities of a person, especially considered in the context of their will or the administration of their property after death.