Information asymmetry is not a problem when:
A. the wants of both parties are aligned with one another.
B. the wants of both parties are opposed to one another.
C. the constraints of both parties are identical.
D. both parties lack the same information.
A. the wants of both parties are aligned with one another.
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The following table lists the basket of goods in the Consumer Price Index for the nation of Astro (assume 2014 is the base year).?2014 Quantity2014 Price2015 Quantity2015 Price2016 Quantity2016 PriceSunglasses8$9.0010$11.007$10.00Toothpaste15 3.0018 4.0015 4.00Ferrets6 12.004 15.009 18.00
Using the information in Table 12.2, the percent increase in prices over the two year period from 2014 to 2016 is approximately:
A. 26 percent. B. 31 percent. C. 38 percent. D. 98 percent.
The San Diego Zoo is an example of a club good
Indicate whether the statement is true or false
At least one economist has suggested that even large developing-country cities are economically too small. What argument would support this contention? How would you argue against it?
What will be an ideal response?
Fairy Cakes sells birthday cakes in a perfectly competitive market where the market price is $25 per cake. If it decides to increase its production from 10 cakes a week to 12 cakes a week, its weekly revenue will _____
a. decrease by $50 a week b. increase by $25 a week c. increase by $50 a week d. decrease by $20 a week