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Which of the following are advantages of shopping online? (Check all that apply.)

A. Immediate product inspection
B. Access to a wide variety of products
C. No shipping costs
D. In-person negotiation with sellers

User Stoiczek
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1 Answer

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Final answer:

Online shopping advantages include access to a vast array of products. Imperfect information varies based on the ability to inspect products, with options like buying a used laptop or ordering flowers online having higher degrees of imperfect information.

Step-by-step explanation:

Among the choices provided, the advantages of shopping online include access to a wide variety of products. This allows consumers to browse and purchase items that might not be available locally. However, C. No shipping costs and D.

In the context of imperfect information:

a. Buying apples at a roadside stand would have a low degree of imperfect information as the buyer can inspect the product directly.

b. Buying dinner at the neighborhood restaurant would also likely have a low degree of imperfect information as the quality can be assessed on the spot.

c. Buying a used laptop computer at a garage sale would have a relatively high degree of imperfect information because the buyer may not fully understand the condition or history of the item.

d. Ordering flowers over the internet for a friend would have a high degree of imperfect information as you're relying on the seller to provide a product that matches the description without seeing it yourself.

User Berkay Kirmizioglu
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