Economists generally believe that a. buyers and sellers have all the information
ID: 1222524 • Letter: E
Question
Economists generally believe that
a.
buyers and sellers have all the information they can use
b.
additional information is costly to acquire
c.
decision makers have complete knowledge of all the alternatives available
d.
economic decisions result from random behavior
a.
buyers and sellers have all the information they can use
b.
additional information is costly to acquire
c.
decision makers have complete knowledge of all the alternatives available
d.
economic decisions result from random behavior
Explanation / Answer
additional information is costly to acquire
additional information is costly to acquire