If knowing about one outcome does not help to predict another outcome, the outcomes are said to be ________

The absence of barriers to entry in monopolistic competition means that in the long run, firms

A) earn an economic profit. B) earn zero economic profit. C) incur an economic loss. D) earn either an economic profit or zero economic profit. E) earn either zero economic profit or suffer an economic profit.

A service like CARFAX, which provides a used car buyer with the complete history of a used car, is profitable because of the problem of asymmetric information

a. True b. False