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A father goes to a pharmacy late at night for cold medicine for a sick child. There are many liquid cold medicines, all of which have almost exactly the same ingredients. Yet medicines with brand names that the man recognizes from television commercials are for more than the unadvertised versions. describe in economic terms, this perplexing situation to the father.

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M964786

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