15. When consumers were given the opportunity to select a package of ground beef labeled 75% lean...

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15. When consumers were given the opportunity to select a package of ground beef labeled “75% lean” or a package of ground beef labeled “25% fat,” most consumers chose

“75% lean.” Why? What concept from the chapter does this illustrate? ( LO20-4 )

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Microeconomics

ISBN: 9780077501808

9th Edition

Authors: David Colander

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