When a new product is introduced in the market, a consumer always wants to see how popular the item ...

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When a new product is introduced in the market, a consumer always wants to see how popular the item ...

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

Edition: 19^th

Author: Miller

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