Multiple Choice
A perfect hurdle is one that
A) more-or-less separates buyers by their reservation prices.
B) precisely separates buyers by their reservation prices and imposes large costs on those who jump.
C) precisely separates buyers by their reservation prices and imposes no costs on those who jump.
D) precisely separates buyers by their incomes.
E) precisely separates buyers by their willingness to jump.
Correct Answer:
Verified
Correct Answer:
Verified
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