Asked by Alice
How to explain the differences in prices of "homogeneous" goods among sellers.
Answers
Answered by
economyst
Think about why similar goods cost different amounts.
-- Is there some level of service or services involved?
-- Is location a factor? (e.g., one seller is next to a major highway or railroad)
-- Is financing typically involved?
-- What about legal protections? (e.g., is one sellor in a juristiction where legal contracts are enforced)?
-- Is there some level of service or services involved?
-- Is location a factor? (e.g., one seller is next to a major highway or railroad)
-- Is financing typically involved?
-- What about legal protections? (e.g., is one sellor in a juristiction where legal contracts are enforced)?
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