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We discussed several reasons that sellers may offer different prices to different groups in settings with flexible prices. Which of the following reasons reflect forms
We discussed several reasons that sellers may offer different prices to different groups in settings with flexible prices. Which of the following reasons reflect forms of statistical discrimination?
- groups may have different search or negotiation costs
- groups may have different incomes (and so different inferred willingness to pay)
- some groups may have less information about the haggling process
- some groups may be disliked by the dealership's customers
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