"Experience goods" are those which:
A)Have performance attributes that are difficult to ascertain at the moment of purchase
B)Only customers with previous experience of using these goods would rationally consider purchasing
C)Only firms with wide experience in an industry would rationally consider making
D)Have been produced by the firm furthest down the learning curve

Question

Quizplus · Accepted Answer

Experience goods are products or services that consumers are unable to evaluate confidently before they have bought and used them. This means that the quality or value of the good or service can only be determined after purchase or through a trial period. Consumers may rely on personal recommendations, reviews, or their own previous experiences with similar products to make a decision to purchase.

"Experience Goods" Are Those Which