By which of the following methods could a supplier identify its good as a plum to a skeptical buyer?
A. money-back guarantee
B. warranties and repair guarantees
C. a verbal assurance
D. both money-back guarantee and warranties and repair guarantees
Answer: D
Economics
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The marginal revenue curve faced by a perfectly competitive firm
A. is downward sloping, because price must be reduced to sell more output. B. lies below the firm's demand curve. C. is horizontal at the market price. D. has all of these characteristics.
Economics
The main center of the Eurodollar market is
A) London. B) Basel. C) Paris. D) New York.
Economics
Define a traditional economy and name nation(s) that use them.
What will be an ideal response?
Economics
Oligopoly is characterized by:
A. few sellers. B. no barriers to entry. C. inability to set price. D. low market concentration.
Economics