In a market economy why do firms usually offer a variety of products and types of products for sale?

Question

History

Finnegan

16 April, 18:27

In a market economy why do firms usually offer a variety of products and types of products for sale?

+5

Answers (1)

Know the Answer?

Gaige Campbell · Answer 1

In a market economy firms usually offer a variety of products and types of products because of the variety of tastes in the market. Given the firms ability to produce a variety of goods they can meet the demands of the market which vary greatly depending on individuals and groups.