For which of the following goods is the marginal benefit of search likely to be greatest?

Question

Quizplus · Accepted Answer

For goods that are highly valuable and have significant long-term impacts on well-being, such as a heart bypass, the marginal benefit of search is likely to be greatest. This is because the cost of making the wrong choice or not finding the best option is much higher than for goods that have less severe consequences, such as a haircut or a new lamp.

For Which of the Following Goods Is the Marginal Benefit