A car sells at different prices at different dealerships in an oligopolistic market.If a consumer has imperfect information about the price of a car at each dealership, he should

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The consumer should gather information about prices until the expected marginal utility of more information equals the marginal cost of gathering it. This is because the consumer has imperfect information and by gathering more information about prices, they can make a better decision about where to purchase the car. However, gathering information also has a cost (time and effort) and at some point, the additional information may not provide enough benefit to justify the cost of obtaining it. Therefore, the consumer should balance the expected marginal utility of more information with the marginal cost of gathering it to make an informed decision.

A Car Sells at Different Prices at Different Dealerships in an Oligopolistic