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Lee gave an informative speech on the poor quality of local drinking water.He brought in a test kit and presented statistics that proved local water was dangerous to drink.He advised the class to purchase a certain type of water filter pitcher guaranteed to remove these impurities.At the end of his speech,he mentioned that he worked for the company that made the pitcher and had them for sale.What was Lee's mistake?
Willingness-To-Pay
The maximum amount that a consumer is prepared to pay for a good or service.
Technological Advances
The progress in technology that enhances productivity, efficiency, and quality in various industries.
Trade
The act of buying, selling, or exchanging goods and services between people or entities.
Economic Outcome
The result or consequence of economic activities and policies on an economy's overall condition.
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