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c. Do the answers from your friends show the following two characteristics? i. Many people are willing to pay at least a small amount to
c. Do the answers from your friends show the following two characteristics? i. Many people are willing to pay at least a small amount to ensure good labor stan- dards (or simply switch to an alternative with the same price), though relatively few are willing to pay a lot. ii. Individuals had to receive a higher dis- count to purchase a T-shirt made under poor conditions than they were willing to pay for a T-shirt made under good conditions. Explain whether these characteristics apply to your friends or not
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