With the growth of the internet, there are a large number of online retailers as well as
Question:
a. Why, given the growth of the Internet, would you expect to find that different firms would charge very similar prices for the same good?
b. Despite the logic of part a of this question, several recent studies have found that different online retailers often charge quite different prices. How might you explain this result?
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a In the online retail market consumers have roughly perfect information about prices since the ...View the full answer
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