In the late 1800s,consumers were willing to pay more for brands than for unmarked commodities,even if they were identical.

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Quizplus · Accepted Answer

This statement is true. During the late 1800s, branding became an important aspect of marketing and consumers were willing to pay more for branded products as they associated them with higher quality and reliability. This led to the growth of many famous brands that still exist today.

In the Late 1800s,consumers Were Willing to Pay More for Brands