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Economists generally believe that a. buyers and sellers have all the information

ID: 1222524 • Letter: E

Question

Economists generally believe that

a.

buyers and sellers have all the information they can use

b.

additional information is costly to acquire

c.

decision makers have complete knowledge of all the alternatives available

d.

economic decisions result from random behavior

a.

buyers and sellers have all the information they can use

b.

additional information is costly to acquire

c.

decision makers have complete knowledge of all the alternatives available

d.

economic decisions result from random behavior

Explanation / Answer

additional information is costly to acquire

additional information is costly to acquire

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