The difference between the prices of a generic bottle of aspirin versus a brand name version is due to perceived quality.

Question

Quizplus · Accepted Answer

Generic versions of medications are often cheaper than brand name versions because they do not have the same marketing and advertising costs as the established brand names. This does not mean that the quality is necessarily different, but consumers may associate a higher price with a perceived higher quality.

The Difference Between the Prices of a Generic Bottle of Aspirin