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Consider a market for product X where 80 percent of the stores charge $50 and 20 percent charge $40. Compute the expected benefit from an

Consider a market for product X where 80 percent of the stores charge $50 and 20 percent charge $40. Compute the expected benefit from an additional search when the first search results in a price of $40.

Multiple Choice

$6

$4

$8

$2

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