Question

Which statement indicates CORRECTLY why firms make several versions of a product? Wouldn't it be more efficient to produce a single style? Different people want different things. Different resources can be used to make things differently. The law requires firms to provide choices to consumers. all of the above

Answer 1

Firm make several versions of a product because, "Different people want different things." This is an essential aspect of taste in the market, whereby different individuals have different tastes for goods and services.