Imperfect information is a rationale for regulation.

Name: Imperfect information is a rationale for regulation.
Brand: Quizplus
Rating: 4.8 (41 reviews)

Question

Quizplus · Accepted Answer

Imperfect information means that consumers and/or producers may not have all the information necessary to make informed decisions. This can lead to market failures such as product externalities, information asymmetries, and adverse selection. Therefore, regulation can help correct or mitigate these market failures and ensure that consumers and/or producers make more efficient decisions.

Imperfect Information Is a Rationale for Regulation