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Which of the Following Is Correct

Question 47

Multiple Choice

Which of the following is correct?


A) For firms, full information involves knowledge about a product's price, quality, and availability.
B) For consumers, full information includes knowledge about the marginal productivity of various resources.
C) For consumers, full information includes knowledge about the appropriate technology for combining various resources.
D) For consumers, full information includes knowledge about the competition.
E) Reliable information is costly to procure for both producers and consumers.

Correct Answer:

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