Problems Associated with Thin Markets Provide Incentives for

question 274

Multiple Choice

Problems associated with thin markets provide incentives for

• A) buyers to seek information about identifying high-quality items.
• B) sellers to prove that the items they are selling are of high quality.
• C) buyers and sellers to agree upon a higher price than would hold in equilibrium.
• D) both A and B.

---

Definitions:

Growth Needs

Psychological needs that drive an individual to seek out new challenges, personal development, and opportunities for growth.

Maslow's Theory

A psychological theory proposing a hierarchy of human needs, from basic physiological needs to self-actualization.

Nature

The intrinsic physical and biological factors that shape the environment and influence the survival and behavior of organisms.

Interaction

The way in which two or more entities act upon each other or communicate, often considered a fundamental concept in social sciences.