It Seems Quite Possible That Cigarette Companies Concealed Information About

question 81

Multiple Choice

It seems quite possible that cigarette companies concealed information about the effect of smoking on health,causing cigarette prices to be __________ and cigarette sales to be __________ than would have been the case under symmetric information.

• A) higher; higher
• B) higher; lower
• C) lower; higher
• D) lower; lower

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Definitions:

Conform

To align one's behaviors, beliefs, or standards to those of a group or societal norms, often to fit in or be accepted.

Informal Group

A group that tends to form around common interests, habits, and personality traits.

Resolves

Determines an answer or solution to a problem.

Group Forms

Describes the various structures and shapes that a group of individuals can organize themselves into, for different purposes and functions.