Multiple Choice
A simple model of information acquisition for shopping predicts that, the larger the percentage of dealers in an area seen by the typical shopper, the _____ will be the dispersion of the prices _____ relative to their average.
A) larger; the buyers pay
B) larger; the dealers quote
C) smaller; the buyers pay
D) smaller; the dealers quote
Correct Answer:
Verified
Correct Answer:
Verified
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