In practice, the hedonic price method
A) is easy to use because attribute data are always readily available
B) estimates the prices of the product's characteristics
C) can be implemented with a simple empirical model
D) has never been used by empirical economists

Question

Quizplus · Accepted Answer

The hedonic price method estimates the prices of a product's characteristics by analyzing how the price of a good or service is influenced by its attributes, such as quality, features, and performance.

In Practice, the Hedonic Price Method