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A credence good is a good whose utility impact is difficult or impossible for the consumer to ascertain. In contrast to experience goods, the utility gain or loss of credence goods is difficult to measure after consumption as well. The seller of the good knows the utility impact of the good, creating a situation of asymmetric information. Examples of credence goods include;
Vitamin supplements
Education
Car repairs
Many forms of medical treatment
Home maintenance services, such as plumbing and electricity
Transactional legal services
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