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 could lead to price discrimination against consumers without internet access. Firms may be able to charge higher prices to these consumers as they do not have access to information on competitive prices. Consumers with internet access, on the other hand, can use price comparison websites and other online resources to find the best deals, potentially paying lower prices. However, it is important to note that this is not always the case and there may be other factors at play.

The Internet Has Made It Possible to Compare Lots of Prices