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According to Snibe and Markus's study,working-class Americans liked the pen they were given,regardless of whether they chose it or not,unlike upper-middle-class Americans,who much preferred the pen that they chose.This can be explained by
Economic Efficiency
A situation in which resources are optimally allocated to serve each individual or entity in the best way while minimizing waste and inefficiency.
Brand Loyalty
The tendency of consumers to continuously purchase one brand's products over another's based on their positive experience with that brand.
Economies of Scale
The cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.
Economic Efficiency
A state in which resources are optimally allocated to serve each person in the best way while minimizing waste and inefficiency.
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