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

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Gilbert Terrell

27 March, 18:17

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

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Taylor Hubbard · 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.