With Asymmetric Information Among Consumers and Positive Search Costs C,all

Multiple Choice

With asymmetric information among consumers and positive search costs c,all the other firms in the market are charging a monopoly price Pm.A firm may lower its price

A) by less than c to attract more buyers when there are many firms in the market.
B) by more than c to attract more buyers when there are many firms in the market.
C) by less than c to attract more buyers when there are few firms in the market.
D) by more than c to attract more buyers when there are few firms in the market.