Market failure will most likely arise from poor information when the product is
a. a repeat-purchase item.
b. easily evaluated on inspection.
c. often purchased from the same seller.
d. unlikely to be purchased from the same seller in the future.
D
Economics
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Compare and contrast the concepts of income and wealth. Are these measured as a stock or a flow? Explain
What will be an ideal response?
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Unemployment insurance
a. reduces search effort which raises unemployment. b. reduces search effort which lowers unemployment. c. increases search effort which raises unemployment. d. increases search effort which decreases unemployment.
Economics