If firm-level asymmetric information becomes more severe, then
A) investment demand increases.
B) investment demand decreases.
C) investment demand does not change.
D) it is impossible to tell.
B
Economics
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The opportunity cost of buying a good includes I. the price of the good. II. the value of time spent searching for the good
A) only I B) only II C) both I and II D) neither I nor II
Economics
Newsgroup Markets
Visit one of the following newsgroups: (Newsgroups provide lists of messages on a particular topic. Google provides a searchable interface for these newsgroups.)
- rec.antiques.marketplace
- rec.audio.marketplace
- rec.music.makers.marketplace
Questions:
- Do participants in such lists receive gains from trade? How?
- Does the existence of internet newsgroups such as these allow some individuals to gain from trade that might not otherwise occur? Explain.
Economics