If consumer expectations of a branded product are met
A) no monopoly power is present.
B) consumers are willing to pay more for the product.
C) a perfectly elastic demand curve results.
D) a perfectly elastic supply curve results.

Question

Quizplus · Accepted Answer

When consumer expectations of a branded product are met, it often leads to brand loyalty and perceived added value, making consumers willing to pay more for the product. This does not necessarily relate to monopoly power, elasticity of demand, or supply curves directly.

If Consumer Expectations of a Branded Product Are Met