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Author Question: Which of the following help to correct for the market failure of imperfect information? (Read 84 times)

futuristic

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Question 1

One reason to require licensing of attorneys is that


◦ legal services generate positive externalities.
◦ legal services are used primarily by the wealthy.
◦ legal services are a private good.
◦ consumers of legal services lack perfect information.

Question 2

Which of the following help to correct for the market failure of imperfect information?


◦ professional licensing
◦ homeowner warranties
◦ nutrition labeling
◦ All of these are correct.


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Marked as best answer by futuristic on Apr 19, 2019

Jbrasil

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Jbrasil

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