Private Information Is a Situation in Which

question 5

Multiple Choice

Private information is a situation in which

• A) two parties to an exchange have information that is available to outsiders if they ask.
• B) one party to an exchange has information that is not available to the other.
• C) the marginal cost of a person's obtaining additional information is zero.
• D) the marginal cost of making information available to one more person is zero.
• E) outsiders have relevant information that is not available to the people in the market.

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Definitions:

Mindfulness Meditation

A meditation practice that focuses on cultivating mindfulness by paying attention to thoughts, feelings, and sensations in the present moment.

Aerobic Exercise

Physical activity that improves the efficiency of the cardiovascular system in absorbing and transporting oxygen, such as running, swimming, or cycling.

Premature Infants

are babies born before 37 weeks of gestation and may require special medical care.

Massage Therapy

The manipulation of soft body tissues to enhance a person's health and well-being.