Given that you observe nothing but the low price of the product, you are more likely to infer that
a. The product is high quality
b. The product is the highest quality possible
c. The product is low quality
d. None of the above
c
Economics
You might also like to view...
Which of the following is an example of money serving as a medium of exchange? a. John buys a cup of coffee and a roll at the faculty dining room. b. Steve puts a five-dollar bill in his money belt
c. Scott deposits cash into a savings account. d. Roland puts his coins into a piggy bank.
Economics
An oligopoly with two firms is known as:
A. a duopoly. B. a two-opoly. C. a double market. D. duopolistic competition.
Economics