Morgan lives in San Francisco and likes to dine out.Morgan has noticed that prices at restaurants near popular tourist destinations in the city tend to be higher than at restaurants of the same quality in other neighborhoods.One reason for this is that
A) search costs are higher for people who are unfamiliar with the area.
B) residents don't like to eat in restaurants frequented by tourists.
C) tourists don't like to worry about money or calculate savings while on vacation.
D) restaurant meals are a small fraction of the total cost of a vacation.
Correct Answer:
Verified
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