Why has the market opened up to so many retailers? Wouldn’t this result in consumers experiencing the paradox of choice? - Seedly
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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?

Why has the market opened up to so many retailers? Wouldn’t this result in consumers experiencing the paradox of choice?

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Zen Rogue Xuan
Zen Rogue Xuan
Level 6. Master
Answered on 16 Jul 2019

I welcome the many retailers as this would mean better prices for consumers:)

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Milly Fbk
Milly Fbk
Level 4. Prodigy
Answered on 13 Jul 2019

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.

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Nicholas Tan Yi Da
Nicholas Tan Yi Da
Level 5. Genius
Answered on 10 Jul 2019

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 :)

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