Question from Past Microeconomics Qualifying ExamEdit

Fall 2001 - Section I, Question one, George Mason University

State first whether the following statements are true, false, or uncertain. Then briefly explain your reasoning in four or five sentences. You may use a graph if it helps clarify your answer.

According to the search model of George Stigler, the rise of the Internet should increase the amount of time that consumers spend searching for good prices.


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