Private Information Is a Situation in Which

question 18

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.

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Definitions:

Closed-Ended

Pertaining to a type of question or survey item that provides a limited set of specific answers from which respondents must choose, often facilitating easier analysis.

Leading

The act of directing or guiding individuals or groups towards a goal or desired outcome.

Negative Questions

Survey questions that ask respondents what they don’t think instead of what they do think.

Belittle

To disparage or diminish the importance or value of someone or something in a derogatory manner.