Author Question: If consumers have limited information about price and search costs exist, then A) the result must ... (Read 70 times)

future617RT · **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.

Melissahxx · **Reply #1 on:** Jul 1, 2018

Answer to Question 1

C

Answer to Question 2

B

future617RT · **Reply #2 on:** Jul 1, 2018

Correct answers!

Melissahxx · **Reply #3 on:** Jul 1, 2018

Great! Please up vote

Author Question: If consumers have limited information about price and search costs exist, then A) the result must ... (Read 70 times)

future617RT

If consumers have limited information about price and search costs exist, then A) the result must ...

Melissahxx

If consumers have limited information about price and search costs exist, then A) the result must ...

Related Topics

Need homework help now?

future617RT

If consumers have limited information about price and search costs exist, then A) the result must ...

Melissahxx

If consumers have limited information about price and search costs exist, then A) the result must ...