MC and MB refer to the marginal cost and marginal benefit,respectively,of obtaining additional information.
-Refer to the diagram above.The reason the marginal cost curve for information is upward-sloping is that
A) most information is false.
B) consumers start with the least expensive sources and progress to more expensive sources.
C) there is only so much to learn about a product.
D) some information is useless.
E) most information is misleading.
Correct Answer:
Verified
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