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Given the Functions for the Marginal Cost and Marginal Benefit

Question 51

Multiple Choice

Given the functions for the marginal cost and marginal benefit of collecting information,


A) there is no equilibrium amount.
B) consumers tend to become experts about most goods.
C) consumers remain completely ignorant about most goods.
D) the equilibrium is somewhere between complete ignorance and becoming an expert.
E) it always pays to get more information.

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