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liljay liljay
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When a new product is introduced in the market, a consumer always wants to see how popular the item becomes before she purchases it. The consumer's behavior is known as

• a network effect.

• a rational decision.

• overt collusion.

• limit-pricing.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
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Antoinette12Antoinette12
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liljay Author
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5 years ago
Thanks
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