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    Microeconomics A Contemporary Introduction Study Set 1
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    Exam 14: Transaction Costs, Imperfect Information, and Behavioral Economics
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    The Limit on the Amount of Information a Manager Can
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The Limit on the Amount of Information a Manager Can

Question 135

Question 135

Multiple Choice

The limit on the amount of information a manager can comprehend about a firm's operation is known as


A) adverse selection
B) bounded rationality
C) diseconomies of scope
D) managerial incompetence
E) moral hazard

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