Author Question: In order to be useful as a signal in a market with information asymmetry, the signal must be ... (Read 133 times)

sam.t96 · **on:** Jun 29, 2018

In order to be useful as a signal in a market with information asymmetry, the signal must be ________.

A) easily available
B) inexpensive
C) unique
D) difficult to obtain

Question 2

The tax incidence on sellers is higher if ________.

A) the buyers and sellers of a good are equally sensitive to price changes
B) the buyers are more sensitive to price changes than the sellers
C) the sellers are more sensitive to price changes than the buyers
D) the number of buyers in a market is larger than the number of sellers