Which of the Following Are Possible Explanations of Online Price

question 26

Multiple Choice

Which of the following are possible explanations of online price dispersion?

• A) delivery options
• B) time-sensitive shopping habits
• C) switching costs
• D) all of the above

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Definitions:

Production Decisions

The determination of what, how, and for whom goods and services will be produced by a firm.

Output

The total amount of goods or services produced by a company, sector, or economy.

Normative Questions

Questions that address what should be, focusing on value judgments and opinions rather than empirical facts.

Value Judgments

Assessments or opinions based on individual beliefs about what is important or desirable, often influencing decisions and policies.