A credence good is a term used in economics for a good whose utility impact is difficult or impossible for the consumer to ascertain, unlike experience goods the utility gain or loss is difficult to measure after consumption as well.
A credence good is a term. A term's utility is difficult or impossible. The consumer to ascertain the utility gain or loss is difficult to measure after consumption as well. This is unlike experience goods. This term is used in economics for a good. A good's utility is difficult or impossible. The consumer to ascertain the utility gain or loss is difficult to measure after consumption as well. This is unlike experience goods.