People sometimes make purchases without complete information because:
A)they are acting irrationally.
B)the opportunity cost of getting more information outweighs the benefit of having it.
C)the benefit of having more information outweighs the opportunity cost of acquiring it.
D)they prefer to take risks.

Question

Quizplus · Accepted Answer

The opportunity cost of getting more information can outweigh the benefit of having it, leading people to make purchases without complete information. This is a rational decision based on the cost-benefit analysis of the situation.

People Sometimes Make Purchases Without Complete Information Because