Prices typically contain more useful information for sellers than for buyers.

Question

Quizplus · Accepted Answer

Prices contain useful information for both buyers and sellers. Buyers can use prices to compare products and make informed purchasing decisions. However, sellers can use prices to determine their profitability, adjust their production and marketing strategies, and make decisions about inventory management. Therefore, prices are equally important for both buyers and sellers.

Prices Typically Contain More Useful Information for Sellers Than for Buyers