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daniellasousa daniellasousa
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5 years ago
A credence good is a product

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

• 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.

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

Economics Today: The Micro View


Edition: 19th
Author:
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zachcarytcriszachcarytcris
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5 years ago
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