The Internet Has Made It Possible to Compare Lots of Prices

question 81

Multiple Choice

The Internet has made it possible to compare lots of prices without incurring a lot of cost.If Internet access is unequally distributed throughout the population one would expect

• A) consumers with Internet access to pay a higher price.
• B) consumers without Internet access to pay a lower price.
• C) price discrimination against consumers without Internet access.
• D) firms to charge the same price to all consumers.

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Definitions:

Cognitive Abilities

The mental capabilities involved in performing tasks, problem-solving, and making decisions, such as perception, memory, and reasoning.

Aging

The process of becoming older, which involves a series of biological, psychological, and social changes over time.

Five Factor Model

A theory that delineates personality into five broad dimensions: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Basic Dimensions

Fundamental aspects or measures that define or describe the properties of something, often used to categorize or analyze complex structures or concepts.