Question

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.

Answer 1

D) it wastes society's scarce resources.

Step-by-step explanation:

Product differentiation means the products that should be different as compared with the competitor in terms of cost, quality, delivery time, attractiveness, etc

It should involve the satisfaction of the real demand, also the living standard should be rise as per the innovation of the product, and the new product would satisfy the people with their various preferences but it does not involved the wastage of the scarce resources

hence, the option D is correct