Angie's list now provides a rating service for physicians. This type of information can potentially help consumers in which stage of the consumer decision making process?

External search
Post purchase evaluation
Problem recognition
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Economics

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The incentives for oligopolists to cheat on collusive agreements are strongest during periods of increasing industry sales

a. True b. False

Economics

Which of the four criteria for an ideal voting system is demonstrated when everyone in a town prefers spending on improved public transportation systems instead of public parks, and transportation spending wins?

A. No dictator B. Unanimity C. Transitivity D. Independence of irrelevant alternatives

Economics

Which of the following is irrelevant when deciding whether to undertake an action?

a. opportunity costs b. implicit costs c. sunk costs d. implicit costs and explicit costs e. fixed costs and implicit costs

Economics

A modern economy has millions of goods and services whose prices are continually increasing and decreasing based on supply and demand.

Select whether the statement is true or false. A. True B. False

Economics