Suppose there are two broad categories of product characteristics, namely: search and experience characteristics, and consumers understand about this.

a. Explain what is meant by experience goods and search goods. Please give an example for

each of the goods?

b. If the information is increasingly asymmetric and what you offer is a product with search

characteristics, as a manager how do you set prices?

c. The existence of e-commerce where the goods offered receive reviews from buyers, as well

as the store, will affect asymmetric information and search costs. Because of this condition, what is the action you will take in setting the price?