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The advertisement for a pool reads "a vinyl pool from Parker's for just $5,000." When David contacted the firm for the pool, the customer service representative tells David that the total cost will be $8,000. When David enquires about the extra $3,000, the customer service representative says that is for installation. Which service-quality gap does this situation demonstrate?
Oil Prices
The cost per barrel of crude oil on the international market, influenced by global production, geopolitical events, and supply-demand imbalances.
Inflationary Spiral
A situation where rising wages lead to increased demand and prices, which then lead to higher wages and prices again, creating a continuous upward price spiral.
Unemployment
The condition of not having a job, describing individuals actively seeking work but unable to find employment.
Affirmative Action
A set of policies aimed at increasing opportunities for historically excluded groups in education and employment by considering factors including race and gender.
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