Question

Susan visits the office of a local attorney to have a will drawn up. She has never hired an attorney before, but thinks that this particular attorney is doing a good job based on his professional demeanor and fancy office. Susan's hiring of the attorney is best described as a __________ purchase.

Answer 1

Answer:Credence purchase

Explanation: What is Credence Good?

A credence good is a type of good which has qualities that can't be observed or be quantified after one has bought the good, which means one can't really evaluate its utility. Examples of credence goods are expert services such as medical procedure and hiring an attorney.

It is even hard to measure their prices which may lead to the sellers making them more expensive than they should be.