This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Critically evaluate the following statement. The lack of information of product quality is a market ... (Read 41 times)

karen

  • Hero Member
  • *****
  • Posts: 537
on: Jun 29, 2018
Critically evaluate the following statement. The lack of information of product quality is a market failure that can only be addressed by government.
 
  What will be an ideal response?

Question 2

Which of the following is an example of an implicit cost a firm might incur?
 
  A) the opportunity cost to investors of the funds invested in the firm
  B) the wages paid to employees
  C) utility payments
  D) the payment for medical insurance coverage


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jennafosdick

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jun 29, 2018
Answer to Question 1

This is clearly not true. There are many examples like Consumer Reports, Kelly Blue Book and Carfax.com and host of other publications and organizations that disseminate consumer product information to the public either freely or charge a modest fee.

Answer to Question 2

A


karen

  • Member
  • Posts: 537
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

pangili4

  • Member
  • Posts: 346
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Healed bone fractures can provide clues about activities and fresh fractures can yield information a Healed bone fractures can provide clues about activities and fresh fractures can yield information a
Coding of Olfactory Information Coding of Olfactory Information
The medical assistant reviews the PDR for information related to a drug. The medical assistant reviews the PDR for information related to a drug.
The vehicle emissions control information (VECI) sticker is placed under the hood. The vehicle emissions control information (VECI) sticker is placed under the hood.
Albinos lack pigment in the skin, hair, and eyes. Albinos lack pigment in the skin, hair, and eyes.
8.The following table contains DNA-sequence information compiled by Marilyn Kozak (1987). The ... 8.The following table contains DNA-sequence information compiled by Marilyn Kozak (1987). The ...
Video: Cardiac Cycle (Part 1 of 4)

For a complete list of videos, visit our video library