A market characterized by asymmetric information will have an equilibrium price if at that price
a. quantity demanded equals quantity supplied when all participants have the same information.
b. quantity demanded equals quantity supplied given prevailing information levels.
c. quantity demanded equals quantity supplied under perfect information.
d. quantity demanded exceeds quantity supplied if suppliers are better informed (and vice versa).
b
Economics
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Real business cycle theory emphasizes that shocks to technology can play a big part in causing economic fluctuations
Indicate whether the statement is true or false
Economics
Specialization should be guided
A) by government regulations. B) comparative advantage C) by only technology. D) by only labor or technology.
Economics