A Market for Information Is More Likely to Develop Even

question 142

Multiple Choice

A market for information is more likely to develop even in the absence of government regulation of information as long as the marginal:

• A) cost of information is zero.
• B) benefit of information is zero.
• C) cost of information exceeds the marginal benefit.
• D) benefit of information exceeds the marginal cost.

---

Definitions:

Deliberate Process

A cognitive approach involving conscious thinking, analysis, and decision-making.

Alphabetical Order

Alphabetical order is a system of sorting or organizing items based on the sequence of letters in the alphabet.

Familial Sleeping Arrangements

The way in which family members organize themselves for sleeping, often influenced by cultural norms and personal preferences.

Cultures

The shared values, traditions, norms, customs, arts, history, folklore, and institutions of a group of people.