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When Consumers Are Unable to Judge the Quality of a Product

Question 16

Multiple Choice

When consumers are unable to judge the quality of a product through examination or prior experience, they usually do which of the following?


A) Make a price-quality inference.
B) Depend on an internal reference price.
C) Assess the fair price.
D) Experience an assimilation effect.
E) Experience a price-placebo effect.

Correct Answer:

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