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Author Question: If consumers have limited information about price and search costs exist, then A) the result must ... (Read 74 times)

future617RT

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on: Jul 1, 2018
If consumers have limited information about price and search costs exist, then
 
  A) the result must be that all firms will charge the same price.
  B) the monopoly price must result.
  C) the full-information, competitive price is not an equilibrium.
  D) the difference in prices between firms will be greater than the search cost.

Question 2

Empirical studies conclude that advertising
 
  A) raises prices in all markets.
  B) can reduce the prices of many goods.
  C) reduces the prices on all goods.
  D) has no impact on prices.
Microeconomics ¦ Perloff ¦ 8th Edition
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Melissahxx

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Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

B


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future617RT

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Reply #2 on: Jul 1, 2018
Correct answers!


Melissahxx

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Reply #3 on: Jul 1, 2018
Great! Please up vote :D


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