Question
A firm is producing small cameras which are very light and easy to carry. The firm offers a money-back guarantee for its goods in case
A firm is producing small cameras which are very light and easy to carry. The firm offers a money-back guarantee for its goods in case the consumer does not like it, why the firm is using this policy? What is the moral hazard implication of this policy?
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The Economics of Public Issues
Authors: Roger LeRoy Miller, Daniel K. Benjamin, Douglass C. North
19th edition
134018974, 134018973, 9780134020532 , 978-0134018973
