Identify a good that is most likely to have the maximum marginal benefit of search.

Question

Quizplus · Accepted Answer

The maximum marginal benefit of search is likely to be highest for goods that are expensive and have a significant variation in prices and features, such as an automobile. This is because the potential savings or value gained from finding the best deal or the most suitable features are much greater for high-value items like cars compared to everyday, lower-cost items like a jar of honey or a loaf of bread.

Identify a Good That Is Most Likely to Have the Maximum