More options are always the optimal solution for the consumer
No, that’s not true. Too much choice creates decision fatigue and can be exploited to create a confusopoly.
You do need enough options to ensure a competitive market, but beyond that, at some point the marginal utility of adding another option ad infinitum becomes negative.
No, that’s not true. Too much choice creates decision fatigue and can be exploited to create a confusopoly.
You do need enough options to ensure a competitive market, but beyond that, at some point the marginal utility of adding another option ad infinitum becomes negative.