Multiple Choice
According to Stigler's search model,an increase in the earnings of individuals in a growing economy is likely to result in _____
A) a decrease in quality dispersion.
B) a decrease in the opportunity cost of time.
C) an increase in the marginal benefit of search.
D) an increase in the amount of search.
E) an increase in price dispersion.
Correct Answer:
Verified
Correct Answer:
Verified
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