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Author Question: In the tourist-trap model, a consumer might pay more than marginal cost for a good sold in a ... (Read 41 times)

ashley

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on: Jul 1, 2018
In the tourist-trap model, a consumer might pay more than marginal cost for a good sold in a competitive market if the cost of possibly finding the good cheaper is more than the markup over marginal cost.
 
  What will be an ideal response?

Question 2

In the tourist-trap model, a consumer might pay more than the marginal cost for a good sold in a competitive market because
 
  A) the consumer is not free to search for lower prices.
  B) souvenir stores are part of a nationwide cartel.
  C) the cost of searching for a cheaper good is more than the markup over the marginal cost.
  D) the difference in prices between stores will be smaller than the search cost.
Microeconomics ¦ Perloff ¦ 8th Edition
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AmberC1996

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Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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ashley

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

ktidd

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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