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Llanis Llanis
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Posts: 626
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6 years ago
A downtown diner daily serving the same business people will be more likely to serve a tasty lunch than a snack bar at a tourist attraction.
True or False? Provide an explanation.
Textbook 
Microeconomics

Microeconomics


Edition: 6th
Author:
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wrote...
6 years ago
True ... Because The diner will benefit from a good reputation with consumers. The business people will repeatedly visit a good diner. The snack bar at the tourist attraction will usually only serve consumers once. There is no need to build a good reputation.
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