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  3. Study Set
    Principles of Microeconomics
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    Exam 12: General Equilibrium and the Efficiency of Perfect Competition
  5. Question
    With Imperfect Information, Prices
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With Imperfect Information, Prices

Question 131

Question 131

Multiple Choice

With imperfect information, prices


A) are irrelevant in the marketplace.
B) are always above equilibrium.
C) may no longer reflect individual preferences.
D) are the only mechanism to judge efficiency.

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