Principles of Economics, 7th Edition

Published by South-Western College
ISBN 10: 128516587X
ISBN 13: 978-1-28516-587-5

Chapter 16 - Part V - Monopolistic Competition - Questions for Review - Page 345: 6

Answer

It implicitly tells the buyer that the seller has enough confidence in the product to invest in marketing it. This faith would increase the probability of the buyer purchasing the product.

Work Step by Step

Not applicable.
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