Given That Consumers Need Time and Information to Make Good

Multiple Choice

Given that consumers need time and information to make good choices, which of the following is correct?

A) Paying for information is a waste of money.
B) Acquiring more information is always rational.
C) Brand names offer no informational content.
D) Consumers are willing to pay for information that improves choices.
E) Marginal analysis does not apply to the acquisition of information.