Multiple Choice
The marginal benefit of acquiring additional information tends to _____
A) be zero if the marginal cost of information is zero.
B) increase and then decrease as additional information is obtained.
C) be very high for goods whose price dispersion is very small.
D) be zero in the case of luxury goods.
E) decrease as additional information is obtained.
Correct Answer:
Verified
Correct Answer:
Verified
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