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heory, Pricing Strategy, Economics of Inf... i Saved Help Save & Exit Consider a consumer who is searching for the lowest price for good X.

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heory, Pricing Strategy, Economics of Inf... i Saved Help Save & Exit Consider a consumer who is searching for the lowest price for good X. The consumer knows that 75 percent of the time she will find a store charging $10 and 25 percent of the times she will find a store charging $7. The consumer will search again if her marginal cost of searching is constant and is Multiple Choice lower than or equal to $0.75. O strictly higher than $3. O exactly $0. O between $1.00 and $2.25.

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