The free-rider problem
A) occurs when people who do not pay for information take advantage of the information other people have to pay for.
B) suggests that the private sale of information will only be a partial solution to the lemons problem.
C) prevents the private market from producing enough information to eliminate all the asymmetric information that leads to adverse selection.
D) all of the above.
D
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Which of the following is a current problem with workers compensation programs?
A) declining involvement of lawyers in workers compensation claims B) exclusion of deaths and injuries attributable to terrorism C) exclusion of benefits for occupational illness D) overuse of opiate prescription drugs in workers compensation.
In the manufacture of cans of beans, all of the following would likely be allocated to a cost object EXCEPT:
A) utilities. B) supervisory labor. C) depreciation on equipment used to can multiple products. D) beans.