The Internet Has Made It Possible to Compare Lots of Prices

question 65

Multiple Choice

The Internet has made it possible to compare lots of prices without incurring a lot of cost.This

• A) has given firms added market power to price discriminate.
• B) has significantly reduced search cost and made markets more competitive.
• C) has enabled firms to charge higher prices to consumers with computers.
• D) has only affected technology markets.

---

Definitions:

Local Community

A group of people living in the same area or having a particular characteristic in common, often sharing local governance, resources, and interests.

Government-operated Firm

is a business entity controlled or owned by the government to provide goods or services to the public.

Residual Claimants

Individuals or entities that have a claim on the remaining assets of a company after all liabilities have been satisfied, typically the shareholders.

State University

A publicly funded university that is primarily supported by a state government.