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Which of the following is an explanation of a feedback effect?

A. When products have too many warning labels, consumers may not read any of them.

B. In some markets, sellers have more information about products than buyers.

C. People who have been in an industry are most likely to be asked to be regulators of the industry.

D. Regulators who are interested in keeping their jobs must please both the industry and consumers.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M91236978

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