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If the Cost of Acquiring More Information Outweighs the Benefit

Question 74
Multiple Choice

If the cost of acquiring more information outweighs the benefit of having more information about a good,then we can predict: A) the exchange will definitely not take place. B) the exchange may take place anyway. C) the exchange will not benefit anyone. D) the exchange will take place, but will be regretted in the future.

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Q 75
Taking action to reveal private information about someone else is called: A) screening. B) signaling. C) discriminating. D) illegal.
Q 76
Screening is when someone takes action to: A) reveal one's own private information. B) find out the opportunity cost of acquiring more information. C) reveal private information about someone else. D) None of these statements is true.
Q 77
Taking action to reveal one's own private information is called: A) screening. B) signaling. C) statistical discrimination. D) proofing.
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