Which of the following is an example of a transaction that is made even though complete information is not possible?
A. Joe buys a puppy in hopes that the puppy will be his hiking companion for the next 20 years.
B. Mike saves his money by putting it in a mutual fund.
C. Alex buys house insurance and has never filed a claim.
D. All of these are examples of transactions that must be made with incomplete information.
Answer: D
Economics
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