Max Is Shopping for a New Winter Jacket

Multiple Choice

Max is shopping for a new winter jacket. He is deciding between two coats that have identical features but are made by different brands: Columbia and Michael Kors. The Columbia jacket costs $120 and the Michael Kors jacket costs $300. Max decides to buy the Michael Kors jacket. This indicates that the Michael Kors jacket may be a(n) _____ good.

A) normal
B) inferior
C) Veblen
D) Giffen