Which of the following does not explain why consumers buy products that many other consumers are already buying?
A) cost-effective way to gather information about a product
B) the satisfaction people derive by being viewed as "fashionable"
C) differences in tastes and preferences
D) technology
C
Economics
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The key feature of an oligopoly is that there
A) are many buyers and sellers. B) is one seller. C) exists product differentiation. D) are only a few sellers.
Economics
Margarine and butter can both be used as a spread on toast. This means that they are:
a. independent goods. b. complementary goods. c. substitute goods. d. Giffen goods. e. inferior goods.
Economics