How can a warranty at the seller's expense signal that a product is of high quality?
What will be an ideal response?
If the product is of low quality, the warranty would be very costly to the seller since a low-quality product would need more repairs than a high-quality product.
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Under a fixed exchange rate system, a balance of payments surplus may:
A) decrease the country's money supply if there is a non-sterilized central bank intervention. B) decrease the country's money supply if there is a sterilized central bank intervention. C) increase the country's money supply if there is a non-sterilized central bank intervention. D) increase the country's money supply if there is a sterilized central bank intervention.
Draw a graph on the diagram below showing the long-run equilibrium position of a competitive firm. Write a formula to express the equalities in the graph
What will be an ideal response?