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Many Tout That the Internet Has Lowered Consumers' Search Costs

Question 96

Multiple Choice

Many tout that the Internet has lowered consumers' search costs.If this is true,ceteris parabis,the consumer reservation price should:


A) be higher.
B) be lower.
C) remain the same.
D) There is insufficient information to determine the impact of lower search costs on reservation prices.

Correct Answer:

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