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If a seller of a high-quality good cannot prove the quality of that good:_________.

a) the good will never be offered for sale.
b) buyers will only be willing to pay the amount for which they value a low-quality good.
c) the good will trade at its equilibrium price.
d) buyers will not be willing to pay the amount for which they value a high-quality good.

User Brocco
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1 Answer

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Answer:

d) buyers will not be willing to pay the amount for which they value a high-quality good.

Step-by-step explanation:

When making a high quality product available for sale, it is necessary for the seller to use marketing strategies that generate value over the product.

Therefore, it is correct to say that if the seller of this high quality product cannot prove this quality, buyers will not be willing to pay the amount for which they value a high quality product.

It is then necessary to create value for the product through advertising, demonstration of benefits, strategy to satisfy the needs and desires of your potential customers, etc., only then is it possible for the customer to understand the added value of the product and the quality, and so it is willing to pay the amount demanded by the product knowing that the price is consistent with the benefits that the product delivers.

User Justinas
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