Question: It is sometimes argued that Internet search engines like Google and comparison shopping sites like Kayak have led to (a) lower overall prices for goods
It is sometimes argued that Internet search engines like Google and comparison shopping sites like Kayak have led to (a) lower overall prices for goods purchased online, and (b) less price dispersion for these goods, meaning that prices of similar goods or the same good at different retailers would tend to converge. Do you agree with one or both these arguments? Briefly explain
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