Author Question: Assume that a particular state has decided to outlaw the sharing of individuals' credit histories as ... (Read 38 times)

mpobi80 · **on:** Jul 1, 2018

Assume that a particular state has decided to outlaw the sharing of individuals' credit histories as an illegal invasion of privacy. As a result of this action we would expect the

A) cost of borrowing money to rise.
B) number of loans to unworthy credit risks to rise.
C) problems of asymmetric information to become more severe.
D) all of the above
E) none of the above

Question 2

At the profit-maximizing level of output, marginal profit

A) is also maximized.
B) is zero.
C) is positive.
D) is increasing.
E) may be positive, negative or zero.