Carl, a corporate recruiter, advises his job applicants to start negotiating salaries from a higher bracket. He suggests this, knowingthat the applicant will end up with a higher salary if the hiring employer is susceptible to the judgment error of: A. availability. B. representativeness. C.anchoring and adjustment. D. confirmation. E. overconfidence.

Why is the type of product sold in an industry an important characteristic? a firm that can differentiate its product from that of rivals may be able to charge a higher price for a superior product. a firm that sells intangible goods is usually considered a monopoly. service industries cannot differentiate their products, which makes it easy for new firms to enter the industry. expensive products are usually sold by perfectly competitive firms.