Possession of information by one party in a financial transaction but not by the other party is
A) symmetric information. B) asymmetric information.
C) informational hazard. D) financial intermediation.
B
Economics
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Advertising: a. cannot influence market demand
b. shifts the average total cost curve upward. c. is used only by perfectly competitive firms. d. makes demand more elastic by creating customer loyalty.
Economics
Which of the following is not true when the price of a good or service falls?
a. Buyers who were already buying the good or service are better off. b. Some new buyers, who are now willing to buy, enter the market. c. The total consumer surplus in the market increases. d. The total value of purchases before and after the price change is the same.
Economics