Price Dispersion for a Product Falls When

question 6

Multiple Choice

Price dispersion for a product falls when:

• A)consumers search less.
• B)consumers are uninformed.
• C)the benefits received by consumers from search are higher than the costs.
• D)the cost of acquiring price information is very high.

---

Definitions:

Paralegal Manager

An employee in a law firm who is responsible for overseeing the paralegal staff and paralegal professional development.

Legal Administrator

An administrative employee of a law firm who manages day-to-day operations. In smaller law firms, legal administrators are usually called office managers.

Managing Partner

The principal executive officer in a law firm or partnership, responsible for running the firm's day-to-day operations.

Staff Attorneys

Lawyers who are employed by a firm, corporation, agency, or government entity to provide legal services internally.