Firms that sell highly customized items such as motorcycles charge hig
Firms that sell highly customized items such as motorcycles charge higher mark-ups than firms selling similar, but homogeneous products. An explanation for their market power is the
A) bandwagon effect.
B) greater value effect.
C) snob effect.
D) behavioral effect.
ANSWER
C
Expert paper writers are just a few clicks away
Place an order in 3 easy steps. Takes less than 5 mins.