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Consumers often choose specific brands like Coke, Tylenol, and Levis over others, despite them being essentially the same. An economist questions why rational consumers would pay more for the same thing. A study by Duke University showed that exposure to the Apple logo led to better performance on creative tasks compared to the IBM logo. Brands like Apple can shape our behavior and perceptions, influencing us long after the point of purchase. This demonstrates the significant power of branding on consumer behavior.
