Categorize each of the following as an experience good, a search good, or a credence good or

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Categorize each of the following as an experience good, a search good, or a credence good or service, and justify your answer.
a. A heavy-duty filing cabinet
b. A restaurant meal
c. A wool overcoat
d. Psychotherapy

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Economics Today

ISBN: 978-0132554619

16th edition

Authors: Roger LeRoy Miller

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Question Posted: Aug 01, 2016 12:52 PM

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Categorize each of the following as an experience good, a search good, or a credence good or

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a The description is enough to evaluate the features of the cabinet Thus a heavyduty filing cab...View the full answer

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