"Assume That All Individuals Have Perfect Information About Prices Now

question 149

Multiple Choice

"Assume that all individuals have perfect information about prices now and in the future, that they have identical tastes, that all markets are competitive, and that there is no government." This statement is indicative of how economists

• A)apply the law of supply and demand.
• B)employ marginal analysis.
• C)are prevented from getting correct answers.
• D)abstract for analytic purposes.
• E)use realistic assumptions to develop theory.

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