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Author Question: Asymmetric information will always cause A) efficiency problems. B) equity problems. C) Both A ... (Read 73 times)

vHAUNG6011

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on: Jul 1, 2018
Asymmetric information will always cause
 
  A) efficiency problems.
  B) equity problems.
  C) Both A and B.
  D) None of the above.

Question 2

With asymmetric information firms might be reluctant to improve the quality of their products because
 
  A) it costs them more to produce the better quality product.
  B) they are not able to completely capture the benefits of the improvement.
  C) consumers do not value the better product.
  D) consumers are better informed about the product and value the new product less.
Microeconomics ¦ Perloff ¦ 8th Edition
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shaquita

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Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

B


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vHAUNG6011

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Reply #2 on: Jul 1, 2018
Thank you


shaquita

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Reply #3 on: Jul 1, 2018
No problemo


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