Imperfect Information on the Part of Buyers and Sellers

question 170

Multiple Choice

Imperfect information on the part of buyers and sellers

• A) will not stop the economy from achieving market efficiency, assuming the other conditions for market efficiency hold.
• B) is no longer a problem because the "truth-in-advertising" regulations have been instituted.
• C) remains a barrier to achieving market efficiency, at least in some industries.
• D) cannot persist in a market economy.

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