"Assume That All Individuals Have Perfect Information About Prices Now

question 36

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 an example of how economists

• A)apply the law of supply and demand.
• B)employ marginal analysis.
• C)are prevented from getting correct answers.
• D)ignore reality.
• E)use unrealistic assumptions to develop theory.

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