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Business, 23.08.2020 14:01 jaemitchell23

Suppose that a firm successfully introduces a highly profitable new product. If this new product offers less marginal utility per unit to consumers than existing substitute products, then the:. a. new product has greater marginal utility than the existing products.
b. laws of economics have been violated.
c. new product must have increasing, not diminishing, marginal utility.
d. existing products were un-profitable to produce.

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