A market for information is more likely to develop even in the absence of government regulation of information as long as the marginal:
A) cost of information is zero.
B) benefit of information is zero.
C) cost of information exceeds the marginal benefit.
D) benefit of information exceeds the marginal cost.

Question

Quizplus · Accepted Answer

A market for information is likely to develop when the marginal benefit of information exceeds the marginal cost, as this creates an incentive for producers to supply information and for consumers to purchase it.

A Market for Information Is More Likely to Develop Even