Th1.3: Information Gaps Flashcards

1
Q

What do consumers, producers and the government all not have?

A

perfect information

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

What is an example of an information gap?

A

consumers not knowing the quality of second hand products

How well did you know this?
1
Not at all
2
3
4
5
Perfectly