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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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