New smartphone applications are developed to help consumers find the cheapest prices in the neighborhood.Therefore,
A)the local competitive will become more intensive.
B)the prices of goods listed in the application will be lowered.
C)price discrimination will occur against consumers without a smartphone or this application.
D)All of the above.

Question

Quizplus · Accepted Answer

With the development of new smartphone applications that help consumers find the cheapest prices in the neighborhood, it is likely that the local competition will become more intensive, and the prices of goods listed in the application will be lowered. Furthermore, there is a potential for price discrimination against consumers that do not have a smartphone or access to the application. Therefore, all of the above options are correct.

New Smartphone Applications Are Developed to Help Consumers Find the Cheapest