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    Microeconomics Principles Applications
  4. Exam
    Exam 14: Imperfect Information: Adverse Selection and Moral Hazard
  5. Question
    If John in Searching for a Particular Product,the Lowest Price
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If John in Searching for a Particular Product,the Lowest Price

Question 2

Question 2

Multiple Choice

If John in searching for a particular product,the lowest price observed so far in his search process is called the


A) search price.
B) discovered price.
C) marginal price.
D) reservation price.

Correct Answer:

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