The Internet has made it possible to compare lots of prices without incurring a lot of cost.If Internet access is unequally distributed throughout the population one would expect
A) consumers with internet access to pay a higher price.
B) consumers without internet access to pay a lower price.
C) price discrimination against consumers without internet access.
D) firms to charge the same price to all consumers.

Question

Quizplus · Accepted Answer

Unequal distribution of Internet access may result in price discrimination against consumers without Internet access as they may not have access to the same information to compare prices and may be charged more for the same product or service. Consumers with Internet access may have the ability to compare prices and find better deals, potentially resulting in lower prices for them. Therefore, option C is the most likely outcome in this scenario.

The Internet Has Made It Possible to Compare Lots of Prices