Examlex
_____ occurs when a country cannot produce a product more efficiently than the other country however, it can produce that product better and more efficiently than it does other goods.
Warranties
Legal guarantees from sellers that the product will meet certain quality and reliability standards, and offering repair or replacement if it does not.
High-Quality Goods
High-quality goods are products that meet or exceed customer expectations in terms of performance, durability, and satisfaction, often associated with higher standards of production and materials.
Product Quality
The characteristics and features of a product or service that bears on its ability to satisfy stated or implied needs.
Market Signaling
Process by which sellers send signals to buyers conveying information about product quality.
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