Asked by Anonymous
Asked on 10 Jul 2019
Why has the market opened up to so many retailers? Wouldn’t this result in consumers experiencing the paradox of choice?
Paradox of choices? Ironic.
You prefer a small number of choice for ease of choosing?
Accordingly to economics, a huge number of competitors means price will be low. So that means good for us consumers.
You want ease, just ask someone to pick for you a choice.
True i agree there is just too many companies to choose from,as mkt is already so small and competitive, as to how to choose one, u can take a look at my profile for the similar qns i answered, hope that clarifies :)