Mr. Smith put his laptop up for sale. He is aware of the fact that the laptop malfunctions frequently
However, none of the potential customers who came to buy the laptop were able to discover the problem and one of them actually bought it at a remunerative price. This occurred due to ________. A) the presence of asymmetric information
B) the presence of positive externalities
C) the presence of negative externalities
D) the selective retention of information by sellers
A
You might also like to view...
Which of the following correctly describes the calculation of the unemployment rate?
A. Unemployment rate = employed ÷ unemployed × 100 B. Unemployment rate = unemployed ÷ civilian labor force × 100 C. Unemployment rate = unemployed ÷ employed × 100 D. Unemployment rate = unemployed ÷ adult population × 100
Refer to Table 9-5. The required reserve ratio is 10%. What is the maximum amount of new loans that Bolton bank can create and by how much can Bolton initially increase the money supply, assuming that newly created deposits are transferred to another bank?
A) $30 million; $30 million B) $70 million; $30 million C) $70 million; $70 million D) $70 million; $700 million