Which of the following statements is correct?
A) Because information is different from typical goods and services, it cannot be provided in a market.
B) The marginal benefit from more information does not decrease.
C) Too little information is provided if the market for information is a monopoly.
D) Acquiring more information can never be inefficient.

Question

Quizplus · Accepted Answer

In a monopoly market for information, the monopolist may restrict the quantity of information to maximize profits, leading to an inefficiently low provision of information.

Which of the Following Statements Is Correct