Asked by
Mario Aigner
on Dec 11, 2024
Verified
An item purchased often by the same buyer is known as a
A) frequent transaction good.
B) repeat-purchase item.
C) free rider good.
D) public good.
Repeat-purchase Item
A good or service that consumers buy frequently or repeatedly over time, indicating loyalty or sustained need.
Frequent Transaction
Regular or repeated exchanges or dealings, especially in a financial context.
- Understand how imperfect information can affect market outcomes.
Verified Answer
EF
Learning Objectives
- Understand how imperfect information can affect market outcomes.
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