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Author Question: The term that is used to refer to a situation in which one party to an economic transaction has less ... (Read 124 times)

erika

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on: Jun 29, 2018
The term that is used to refer to a situation in which one party to an economic transaction has less information than the other party is
 
  A) asymmetric information. B) inefficient market hypothesis.
  C) information disparity. D) moral hazard.

Question 2

The sum of consumer surplus and producer surplus is equal to
 
  A) total profit. B) zero.
  C) the economic surplus. D) the deadweight loss.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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tashiedavis420

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


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erika

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Reply #2 on: Jun 29, 2018
Thank you


tashiedavis420

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Reply #3 on: Jun 29, 2018
No problemo


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