the Internet has made it possible to compare lots of prices without incurring a lot of cost.If internet access is unequally distributed throughout the population one would expect
A) consumers with internet access to pay a higher price.
B) consumers without internet access to pay a lower price.
C) price discrimination against consumers without internet access.
D) firms to charge the same price to all consumers.

Question

Quizplus · Accepted Answer

Unequal distribution of internet access means that not all consumers have access to the same information and tools to compare prices. This creates a situation where firms can potentially engage in price discrimination by charging higher prices to consumers without internet access who are less likely to be able to compare prices and find better deals. Therefore, the best choice is C, which states that there may be price discrimination against consumers without internet access.

The Internet Has Made It Possible to Compare Lots of Prices