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.

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Definitions:

Investments

Assets or items acquired with the goal of generating income or appreciation, such as stocks, bonds, real estate, or commodities.

Average Rate

The mean rate calculated over a period or series of events, often used in finance to describe average interest or return rates.

Return

The profit or loss derived from an investment over a particular period, usually expressed as a percentage.

Investment

Putting money into channels with the expectation of financial growth or profit generation.