_____ refers to the tendency for owners and potential sellers of goods and products to value those products more than potential buyers do.

Question

Quizplus · Accepted Answer

The Endowment effect refers to the valuation difference between owners/potential sellers and potential buyers. Owners tend to place a higher value on their possessions simply because they own them, whereas potential buyers may not be willing to pay the same price.

_____ Refers to the Tendency for Owners and Potential Sellers