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jonnyjon jonnyjon
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5 years ago
An experience good is a product

• that an individual must consume before the quality can be established.

• with characteristics that enable an individual to evaluate the product's quality in advance of a purchase.

• with qualities that consumers lack the expertise to assess without assistance.

• that emphasizes the features of its product.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
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dnlee1dnlee1
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jonnyjon Author
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#2
5 years ago
Thanks
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