When a Lack of Information Exists for Parties to a Deal

question 91

Multiple Choice

When a lack of information exists for parties to a deal:

• A) it is always worth getting more information before making a decision.
• B) the cost of acquiring information sometimes is prohibitive and not worth it.
• C) an exchange will never happen.
• D) the exchange will always happen anyway, with little chance of maximizing surplus.

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Definitions:

Process Layout

A layout that organizes the transformation process into departments that group related processes.