Consumer Information Services Are Demanded Only When Product Differentiation Exists

question 146

True/False

Consumer information services are demanded only when product differentiation exists.

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Definitions:

Premises Liability

A legal concept holding property owners and occupants liable for accidents and injuries that occur on their property.

Special Duty

An obligation or responsibility that is specific to a particular role, situation, or relationship, requiring action or care beyond ordinary duties.

Real Estate

Assets that include land, the structures on that land, and its inherent natural resources.

Res Ipsa Loquitur

A legal doctrine stating that the mere occurrence of certain types of accidents implies negligence.