Signaling is important because:
a. it increases social benefits associated with public goods
b. it decreases external costs associated with externalities.
c. it reduces information costs associated with asymmetric information.
d. all of the above
c
Economics
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Monopolistic competition is more similar to monopoly than any other industry model
a. True b. False Indicate whether the statement is true or false
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Net tax is calculated by adding the amount collected as taxes by the government and the amount spent as transfer payments
a. True b. False Indicate whether the statement is true or false
Economics