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The Relevance of the Expected Value of the Consumer's Search

Question 21

Multiple Choice

The relevance of the expected value of the consumer's search decision is that


A) the outcome of a particular search is certain.
B) one may not be able to purchase the good after it is found.
C) the outcome of a particular search is uncertain.
D) one always knows the value of the next search.
E) one only continues to search if the expected value is positive.

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