Many wines are priced high in order to

a. Indicate low quality
b. Indicate high quality
c. Indicate a bargain brand
d. None of the above

b

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A) has two or more alternative uses. B) exhibits the basic properties of a free good. C) is confronted only under socialist conditions. D) has an unlimited supply.

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What are factor endowments?

What will be an ideal response?

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