A "deficient" product is one which provides low immediate satisfaction and low long-run welfare for consumers.

Name: A "deficient" product is one which provides low immediate satisfaction and low long-run welfare for consumers.
Brand: Quizplus
Rating: 4.8 (30 reviews)

Question

Quizplus · Accepted Answer

A deficient product may offer low immediate satisfaction and also harm long-term welfare of the consumers. Examples of deficient products include addictive substances, products with harmful side effects, and products that lack necessary safety features.

A "Deficient" Product Is One Which Provides Low Immediate Satisfaction