yam78
yam78
05.08.2019 • 
Business

(1) which of the following statements about brand names is true?
a. it is always rational to prefer brand names over generic substitutes.
b. brand names are always economically wasteful since they dupe consumers into buying more expensive goods and services that are no different than generic versions.
c. brand names give the seller an incentive to provide consistently high-quality products and services in order to protect the reputation of the brand.

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