(Solution) - With the growth of the internet there are a large -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

Paper Format: APA

Pages: 5 Words: 1375

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With the growth of the internet, there are a large number of online retailers as well as buyers in the online retail market.
a. Why, given the growth of the Internet, would you expect to find that different firms would charge very similar prices for the same good?
b. Despite the logic of part a of this question, several recent studies have found that different online retailers often charge quite different prices. How might you explain this result?