Why dont consumers become fully informed about the prices different firms charge? If consumers are not fully

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Why don’t consumers become fully informed about the prices different firms charge? If consumers are not fully informed, why is a firm likely to possess some degree of market power?

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Microeconomics Theory and Applications

ISBN: 978-1118758878

12th edition

Authors: Edgar K. Browning, Mark A. Zupan

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Question Posted: Nov 14, 2014 08:28 AM

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Why dont consumers become fully informed about the prices different firms charge? If consumers are not fully

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Consumers dont become fully informed because it is ...View the full answer

Microeconomics Theory and Applications

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