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Economics

Q. The muffler on your car suddenly needs repair, also there are only two automobile repair shops in town. You drive to the first shop, also the mechanic tells you to leave the car also he will repair it. Payment will be due when you pick it up. A mechanic at the second shop looks at your car also guarantees that she will charge you only $99.95 to repair the muffler, as advertised. Which repair shop is likely to provide costly needless repairs to your car also elucidate why? Which 1 may under provide quality? In your answers, discuss the concepts of prospective also retrospective payment for services.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9160872

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