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    Principles of Economics Study Set 1
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    Exam 12: The Economics of Information
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    When Buyers and Sellers Are Not Equally Informed About the Characteristics
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When Buyers and Sellers Are Not Equally Informed About the Characteristics

Question 53

Question 53

Multiple Choice

When buyers and sellers are not equally informed about the characteristics of the goods and services offered for sale, information is said to be:


A) costly-to-fake.
B) asymmetric.
C) credible.
D) symmetric.

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